You take out a $5000 loan at 11% simple interest that will be paid back in 6 months (REMEMBER TO CONVERT THIS TO YEARS). How much is the interest? (I=prt) $ How much total will be in Sara's savings account (Principal + interest)? $

Q: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…

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Q: You deposit $1540 in a savings account paying 3.3% simple interest. How much interest will you earn…

A: It  is given that deposit amount is 1540  dollars and the rate of interest is 3.3%. To find : the…

Q: You deposit $1200 in an account with an annual interest rate of 3%. How much simple interest is…

A: Given,  Principal = p = $ 1200  Interest rate = r = 3 %  Time period = t = 5 years  We have to find…

Q: Evelyn borrows $33,000.00 to buy a Honda Civic. She pays $580.00 a month for 5 years. How much total…

A: Cost of Honda Civic = $33,000 She pays $580 per month for 12*5 = 60 months

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will…

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Q: Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance.…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: Keith wants to attend a college that will cost $17,200 for the first year. His uncle gave him a…

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Q: You invest £11400 in the bank and the interest rate is 11% per year. How much money do you have in…

A: The principal amount is 11,400. The interest rate is 11% per year and time is 1 year. The interest…

Q: deposited ​$7,000 into a savings account 5 years ago. The simple interest rate is 2​%. How much…

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Q: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you…

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Q: John borrowed P15,000 for 2 years and 6 months, with simple interest at 9%. How much does he owe at…

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Q: Armando wants to invest $6,800.00 in a savings account that pays 6.6% simple interes How many years…

A: The amount Armando wants to invest P=$6,800 The rate of interest r=6.6% simple interest Let after t…

Q: Sarah spent $500 on a credit card last month. She went online to her account and paid $250 towards…

A: Sarah spends $500 from her credit card last month. So the balance in the credit card now is -500

Q: interest

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Q: The purchase value of an office computer is 12570 dollars. Its annual depreciation is 1966 dollars.…

A: Given that: Purchase value, P=$12570                  Annual depreciation, D=$1966/year

Q: Ali borrowed $6000 from a lender that charged simple interest at an annual rate of 7%. When Ali paid…

A: Given that, Amount P= 6000 Annual interest Rate,  R= 7% Interes, S.I = 2520 We've to find time n.

Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: simple

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Q: You deposit $2000 in an account earning 3% interest compounded monthly. Round each answer to the…

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Q: The purchase value of an office computer is $12,500. Its annual depreciation is $1875. Find the…

A: Given- The purchase value of an office computer is $12,500 and its annual depreciation is $1875. To…

Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

Q: Elmer borrowed $3150 from his brother Julio to pay for books and tuition. He agreed to repay Julio…

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Q: A man buys an electric fan from a merchant that charges P1,500 at the end of 120 days. The man…

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Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

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Q: Saylor Henshaw earned $120 in simple interest in 9 months at an annual interest rate of 5%. How much…

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Q: We invest $5500 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Formula: The formula that represents the simple interest is: I=PRT100 I is the interest. P is the…

Q: A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total…

A: The interest is the extra amount paid on the initial principal amount of the loan if no other…

Q: Maxwell has deposited $125 into a savings account each month this year. He plans on depositing $15…

A: Observe that, In first year, Maxwell deposited each month $125 and he deposited more each month is…

Q: Leo borrowed P35,000 from a bank that charges 7½% simple interest. How much will the interest be…

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Q: Find the interest. Round to the nearest cent. John borrowed $4800 from his aunt to buy a car. He…

A: Formula:

Q: You deposit $1080 in a savings account paying 3% simple interest. How much interest will you earn in…

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Q: A student has a saving account with $475 in it. She deposits $125 of her paycheck into the account…

A: Let, a is number of week.  475+125xa=7,000   Explanation:   125×a = 7000-475         a =6525/125…

Q: Kathy borrowed $700 at 5% interest. The amount of interest paid was $70. What was the length of the…

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Q: Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years. When…

A: We have, Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9…

Q: Goran borrowed $5000 from a lender that charged simple interest at an annual rate of 9%. When Goran…

A: Solution ) P = $5000,  R = 9% , SI = $2250 formula  Simple interest = ( P × R × T) /100…

Q: To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How much…

A: Simple interest = PRT100, where P = principal amount R= Rate of interest T= Time in years…

Q: Suppose the income tax rate

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Q: Graduation is in 5 years and you want to have $850 available for a trip. If your bank is offering a…

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Q: mary lou received $19,000 from her grandparents for her college education 7 years prior to her…

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Q: Sarah opened a savings account with $800 and was paid simple interest at an annual rate of 7%. When…

A: solution :-

Q: John borrowed P15,000 for 2 years and with simple interest at 9%. How much c owe at the end of the…

A: Given

Q: kevin invested money in a savings account at a rate of 5% simple interest. after one year he has…

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Q: Grace borrowed 5,000 pesos with a simple interest rate of 2.5%. She will use the money for 3 years…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Darien borrows $6580 to help pay for university tuition at an annual interest rate of 7%. He plans…

A: Note: we know the simple interest formula is I = Prt  Here P is the principle amount or initial…

Q: Victor borrowed ₱500 at a simple interest rate of 3%. At the end of the loan period, the interest…

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Q: Money is borrowed at 17% simple interest. After one year, $990.99 pays off the loan. How much was…

A: Given Money is borrowed at 17% simple interest. time = 1 year amount pay off after 1 year = $990.99…

Q: Use the simple interest formula to find the amount of interest that was eamed. Then find the total…

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Q: served after 5 years? 3. Ricardo bought a brand-new car worth P350,000. Its value depreciates 15%…

A: As per bartleby guidelines we only give first question answers.

Q: Josh makes a $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years.…

A: Consider the information given in the problem, Here the objective is to find the amount of money…