You decided to purchase P50 000 LED TV through your credit card. After a month you discovered from your statement of account that you were charged with P1 000 interest. How much was the monthly interest rate applied to your credit card. purchase?

Q: The Goodman family is dining at Cathy's Cafe. The subtotal of their meal is $84.50. If they left a…

A:

Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

Q: Colby's gross income was $93,000 last year. If he had $1646.92 withheld for federal income tax from…

A: Find the amount withheld from the given conditions.

Q: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…

A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…

Q: tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…

A: Tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…

Q: What is the rate of return when 40 shares of Stock A, purchased for $15/share, are sold for $690?…

A:

Q: Moira borrowed $8,700 from her grandfather to pay for her first year of college. Five years later,…

A:

Q: A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to…

A: To find out the amount that the teacher will accept now.

Q: A company took a loan on the May 15th and paid it back on the Oct 20th. The amount of interest they…

A:

Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year. 1. What is her monthly take home pay…

A:

Q: Tina made deposits from her school allowance: $ 10 in the first week, $13 on the second week, $16 on…

A: Allowance deposited in first week- a1=$10 Allowance deposited in second week- a2=$13 Allowance…

Q: On January 1, 2009, Molly owed $7,388 to her friend Juan, who was kind enough not to charge Molly…

A: Given, The amount of money Molly owed to Juan on Jan 1 2009 is =$7388 The amount of money Molly owed…

Q: On June 1, Elena Moore deposited $610 in a savings account at Metro Savings and Loan Association. At…

A: I have appended the formula used in the solution part.

Q: Gina buys her first house for $250,000 at 5% APR with a 30-year mortgage.a. Find her monthly…

A: a) It is given that, Gina buys house for $250000 at 5% APR with a 30-year mortgage. Here Principal…

Q: MIKE DEPOSITED ON MARCH 12, 2020 AT 10.5% SIMPLE INTEREST. ON SEPTEMBER 8, THE FUND ACCUMULATED TO…

A: Given- Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, the fund…

Q: Jawanda's car is worth about $4,000 and she owes $1,500 on it. She also has a sound system valued at…

A: Total net worth = total amount she has - amount she owes

Q: Lynette bought a new car for $34,000. She paid a 10% down payment and financed the remaining balance…

A:

Q: Georgia purchased a new laptop, which was advertised for $950. She bought it on the installment plan…

A: Given : Price of laptop  = $950, Payment at the time of purchase = $60 Interest rate  = 12% Time  =…

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: Ann borrowed $2,239 for 3 months. If the loan's annual simple discount rate was 47.5%, what was the…

A:

Q: lisa borrowed $6,300 from the bank, If she has already paid 2/7 of the loan, what is the remaining…

A: Given: lisa borrowed $6,300 from the bank and she has already paid 2/7 of the loan.

Q: Janelle deposited $500 in a savings account with simple interest.  Two years later, she had earned…

A:

Q: THe washingtons buy a studio apartment for $240,000.00, what percentage down payment is 12,000.00?…

A: topic - percentage

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in…

A:

Q: Natalia’s aunt went to Europe and forgot to pay her $840 mortgage payment on her New Hampshire ski…

A:

Q: On January 1, 2009, Kendra owed $16,887 to her friend Joseph, who was kind enough not to charge…

A: The amount of money Kendra owed to her friend Joseph on January 1, 2009 is $16,887. The amount that…

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: Yu-Feng Liang bought a used car for $8000. He made a down payment of $1000 and paid off the balance…

A: Value of Down Payment = $1000 Monthly payment of $202 for 48 months Total Payment made by Yu-Feng…

Q: years ago, Sallie invested $23,000.00 into a savings account. She now has $27,313.00. What simple…

A:

Q: a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and if he wants…

A: Given that  a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and…

Q: Keisha borrowed $300 from a bank for 5 years and was charged simple interest.The total intrest that…

A: Given that Keisha borrowed $300 from a bank for 5 years  She paid total simple interest $120. To…

Q: Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A:

Q: On January 1, 2009, Deandre owed $9,230 to his friend Mariah, who was kind enough not to charge…

A: Introduction: It can be assumed that Person D payed some amount back to Person M for each of the 12…

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Your friend has a credit card with an APR of 49.9%. What would his finance charge be on a $500…

A: From the given information, it is observed that APR = 49.9% Duration = 1 month Amount = $500 Note…

Q: The simple interest charged on a 6 month loan of $18000 is $918. Find the simple interest rate.

A: P=$18,000t=612=12I=$918   Formula used: I=Prt here I in interest P is principle r is rate t is time

Q: Your best friend just bought a 4 year old model motorcycle for $2,500. The seller told your friend…

A: P(t)=P0(1-r)t

Q: Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple…

A:

Q: Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5%…

A: Given: P(amount of loan)=$4000, r(interest rate)=5%, t(time period)=first September to first…

Q: Johnny borrowed 15,000 from a lending company with annual simple interest rate of 9.5%. If hhe had…

A: The formula for the amount of simple interest after t years is: A=P+Prt100 Here, P is the principal…

Q: Last year the principal's car was worth $28,000. Next year it will be worth $25,270. What is the…

A:

Q: 1) Mr. Ang's money became Php165,000 @ the end of 10 months. If the bank pays 12% annually, how much…

A: Given that,  Mr. Ang's money became in 10 months Php 165000 at the rate 12% annually. Let the…

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: A loan of $980 was repaid at the end of 6 months with a check $995. What annual rate of interest was…

A:

Q: 3.) Jose's' car depreciates at a rate of 12% per year. He bought his car three years ago for…

A: Given, Jose's car depreciates at a rate of 12% per year. He brought his car three years ago for…

Q: MA VN What was the original selling price of a backpack at Walmart that is currently on sale for P4…

A: Currently sales rate after 25% markdown is ℙ 4950,000

Q: Your bank statement indicates that you overdrawn your checking by 168 dollars. How much much you…

A: The bank statement indicates that you overdrew your checking by 168 dollars. This implies that the…

Q: Vic bought a new plasma TV for $1800. He made a down payment of ​$500 and then financed the balance…

A: Given,           Vic bought a new plasma TV for $1800. He made a down payment of ​$500 and then…