Determine the simple interest earned on $⁢22,500 after 15 years if the APR is 14%

Q: Suppose you put a $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: In the given problem, The principle amount is p = $1000 The rate of interest is r = 7.2% And, the…

Q: Mark deposits $1000 each month in a retirement plan paying 7% compounded monthly. How much will he…

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Q: Find the total accumulated amountpresent in an account after investing $42,000 for 8 years at a rate…

A: Given P = $42,000 t = 8years r =4.75% n = 4

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

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Q: Calculate the amount of simple interest earned. $6,000 at 6% for 8 years

A: The formula to calculate simple interest is = (principal) *(rate) *(time) /100

Q: find the present value (in dollar) of an annuity that pays $4000 at the end of each 6 month period…

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Q: Find the interest earned: $9,900 for 24 months at 7.8% annual simple interest

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Q: Find the accumulated amount at the end of 7 months on a $2400 bank deposit paying simple interest at…

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Q: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years

A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: Suppose you deposit $1000 in an account that earns 7% interest compounded annually. What will the…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Determine the accumulated balance: $5000 invested in a bond that earns interest at an APR of 3.9 %…

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Q: Calculate the amount of simple interest earned. $1,000 at 8% for 6 years

A: IP

Q: Calculate the amount of simple interest earned. $1,000 at 6% for 6 years

A: Ans#-  Given , p = $1000                         Rate r = 6%                         Time = 6 years…

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: Find the ending balance: $1,500 for 22 years at 9% annual compound interest

A: Compound interest is calculate as: A = P(1+r)t A = final amountP = principal amountr = interest…

Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year

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Q: Find the accumulated amount at the end of 8 months on a $1200 bank deposit paying simple interest at…

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Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

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Q: Find the present value of $20,600 in 4 months at 9% simple interest

A: Given A=$20,600 time t=4 months =13 years r=9%=0.09 we have to find the present value P we know that…

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: ccumulate ₱ 70, 000 for 2 years a

A: Simple Interest: Simple interest is a quick and simple technique of calculating interest on money.…

Q: Find the simple interest on a loan of $15,500 at 8.2% interest for 10 months

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Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: Suppose you see a car with a car with an advertised price of $14,500 at $410.83 per month for 4…

A: Given, Advertised price $14,500 at $410.83 per month for 4 years.

Q: Calculate the amount of simple interest earned. $1,000 at 8% for 4 years

A: Given: Principal amount = P = $1000 Rate = R = 8% Time = T = 4 years.

Q: Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded…

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Q: Find the accumulated amount at the end of 8 months on a $2100 bank deposit paying simple interest at…

A: The solution for the above question is shown below.

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: Calculate the amount of money that was loaned at 6.00% per annum for 2 years if the simple interest…

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Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

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Q: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6%…

A: Given Mrs. Vicky Guevarra deposited P18500 in a saving account on June 30, 2017. She withdraws all…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Find the simple interest on a loan of $13,500 at 8.2% interest for 8 months

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Q: Mr. Ahmad's parents deposit KWD 2,500 at the end of each year into his account for the next 15…

A: In the it is given that Ahmad's parents deposit 2,500 at the end of each year into his account for…

Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months.

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Q: Calculate the amount of simple interest  earned.  $1,000 at 17% for 40 years  $ =

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Q: Calculate the simple interest on R2 500 at 3.75% per month for 6 years.

A: Apply formula for simple interest

Q: Find the simple interest on the loan of​ $2500 for 2 years at​ 5%.

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Q: Find the simple interest earned on 5,000 deposited 40% for 10 years.

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Q: Find the amount of money that you will have in the bank at the end of 15 years if you deposit $2,500…

A: Solution:

Q: Determine the present value of P 6,800 paid at the end of each subsequent quarter for 7 years if…

A: Given information PMT=$6,800 Rate of interest r=6% ⇒r=6100=0.06 Time t=7 years Since, interest is…