If you want to earn 14% annual simple interest on an investment, how much should you pay for a note that will be worth $6,200.00 in 6 months?

Q: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

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Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

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Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: That a two-bedroom house in Nashville is worth $110,000 and appreciates at a rate of 2.5% each year…

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Q: A certain gulf club spent 4/11 of their yearly budget on a banquet party they threw. If they still…

A: We will find the solution in the following step

Q: What is the annual rate of interest if ₱265 is earned in four months of an investment of ₱ 15,000?

A: Given query is to find the annual interest rate.

Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

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Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If he earned…

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Q: If a memebr has the $455usd a quarter ($35 usd a week) plan, how many weeks are included in this…

A: A member has a quarter plan for = $455 USD A member has a week plan for = $35 USD Number of weeks…

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If his earned…

A: To find the investment in each account.

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

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Q: On an investment of OMR 50,000, Salim receives OMR 65,000 after one year. If Salim invested OMR…

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Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

A: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

Q: our investment account pays 3% interest. If you deposit $10 a day, how much will you have after 5…

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Q: You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will…

A: Given that , Initial debt D0=$750 r=19% when Dt=450 then t=?

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: The finance manager of a company has approved the budget allocation of P5 000 000 to three of their…

A: The budget approved to allocate to three branches of a company at a ratio of 2:3:4 is $5000000. So,…

Q: A bank loaned out $23,500, part of it at the rate of 4% annual interest, and the rest at 13% annual…

A: In the given question we have to find the part of the amount $23500 s.t interest on the first part…

Q: Your interest rate on a $1,500 savings account is 4%. How much simple interest will the account earn…

A: Given information P=$1,500 r=4% ⇒r=4100=0.04 t=2 years We have to find the simple interest will the…

Q: A bank loaned out $15,500, part of it at the rate of 9% annual interest, and the rest at 3% annual…

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Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Kachina Caron invested $1800 in a simple interest account and earned $36 in 3 months, what is the…

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Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A: .as per our norms we are allowed to solve one question at a time.  Kindly repost the remaining…

Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

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Q: A college student borrowed $44,000 to pay for tuition, room, and board. Some of the money was…

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Q: Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal…

A: Robin invested $1000 in a 12% simple interest deposit for 3 years. he also invested an equal amount…

Q: A bank loaned out $11,500, part of it at the rate of 15% annual interest, and the rest at 6% annual…

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Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: Nicole opened a savings account with $5000 and was paid simple interest at an annual rate of 2%.…

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Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

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Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

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Q: Gity Bank offers a 4.75% simple Interest rate, while First National offers 3.9%. If Tom wants to set…

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Q: If you paid $47 to a loan company for the use of $1120 for 191 days, what annual rate of interest…

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Q: If you want to earn 15% annual simple interest on an investment how much should you pay for a note…

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Q: How much interest will you have to pay for a credit card balance of $754 that is 1 month overdue, if…

A: Topic - interest

Q: How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest…

A: If p= principal amount R= rate of interest t= time And I is the interest after time t at a r% rate…

Q: Mr. Charles, a rich businessman, divided his wealth of $170 million between his two sons, Jason and…

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Q: $35 USD a week) plan, how many weeks are included in this plan? How much would this be per quarter…

A: Given, A member has the $455 USD a quarter ($35 USD a week) plan, number of weeks are calculated.…

Q: Ken wants a $1000 TV/sound system. He can't afford that amount, so he uses a credit card with 20%…

A: Here, P = 1000, r = 0.20 and t = 4. The interest for each month can be calculated as That means, he…

Q: The Smiths bought an apartment for $75,000. Assuming that the value of the apartment will appreciate…

A: Please see the answer in Step 2

Q: How much do you need to deposit each month for three years into a savings account that pays 6.5% APR…

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Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

Q: An inheritance of $24,000 is to be divided among three trusts, with the second trust receiving twice…

A: Given :-  x + y + z = 24000 and y is equal to 2 times x then x+2x+z = 24000 z = 24000 - 3x 3x+z =…

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

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