Use the simple interest formula to determine the missing value. p=$1525, r=?, t=2 years, i= $67.10

Q: Suppose you want to have $600,000 for retirement in 30 years. Your account earns 10% interest. Using…

A: We will use recurring method of Banking to find solution to the chapter .

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

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Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: Use the simple interest formula to determine the missing value.   p =$1425, r= ? t= 4 years i=…

A: Given information :P =1425;t=4 yearsi=125.40 here, let rate, r %Now, use the following formula to…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $6,000, r = 6.3%, t = 8 months

A: Note:- Simple interest formula is given by simple interest=prt/100 where p=principal value r= rate…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: Use the simple interest formula to determine the missing value. p=​?, r=6​%, t=9 ​months,…

A: We know that if p is total principal, r is rate of interest per year and t is total time in years,…

Q: p=​?,

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Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

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Q: Use the simple interest formula to determine the missing value. p= $943.66, r= 3.5%, t= ?, i =…

A: Given:p = $943.66,   r = 3.5%,   i = $198.17

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.1%, t = 6 months

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Q: You take out a 50-day single-payment loan for $910 with an interest rate of 19%. Find the amount of…

A: using :- simple interest = P×R×T

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: Use the simple interest formula to determine the missing value. p= ?, r= 4%, t= 3 months, i = $16 p=…

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Q: The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of…

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Q: Use the simple interest formula to determine the missing value. p= ?, r= 6%, t =9 months, i = $54

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Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: It is given that the initial principal amount is $2600. The simple interest after t=3 years is…

Q: Use the simple interest formula to determine the missing value. p= $1525, r= ?, t=4 years, i $134.20…

A: Simple interest formula     i = prt/100 Here of we put all the values of the variables available,…

Q: Calculate the simple interest rate when P=$3,600, I=$160 and t=4 months. Round to the nearest…

A: The simple interest, I is calculated using the formula: I=Prt, where P is the principal amount, r is…

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

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Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

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Q: Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3%…

A: topic - application of geometric progression

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: We know that Simple interest = PTR/100 Here Time is 7 years and Rate is 6%  Amount is 20000$. Amount…

Q: 3) Find the amount of time it would take for your balance to double at an interest rate of 8.75%.

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Q: How much interest will this account earn, if compound interest is calculated yearly? Principal =…

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Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

Q: payday loan store charges $50 for a one-month loan of $180. What annual interest rate is this…

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Q: Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9030, r = 5.25%, t = 6 months

A: Given data is : P=$9030r=5.25%t=6 month=612 year=12 year To find the simple interest.

Q: What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.

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Q: Use the simple interest formula to determine the missing value. p= ?, r= 6%, t=6 months, i $60…

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Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6%, t = 1 year

A: Consider the given values, P = $5000, r = 6%, t = 1 year The simple interest formula is defined as,…

Q: Use the simple interest formula to determine the missing value. p= ?, r= 6%, t= 9 months, i = $63…

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Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

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

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Q: Discount $1,000 for 9 months and find the discount. at 5% simple interest and at 5% simple discount

A: Given the principal amount P = $1000. The time period t = 9 months = 912 years. Simple interest rate…

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: We need to determine the principal amount, p. The simple interest is calculated using the formula:…

Q: You take out a 10-month, $2,000 loan at 8% annual simple interest. How much would you owe at the end…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.6%, t = 4 months

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $8000, r = 9%, t = 1 year

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Q: Karen's Katering borrows $3,500, at 8.5% interest, for 220 days. If the bank uses the exact interest…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

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Q: A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 4.8%, t = 19 days

A: P = $3000  r = 4.8%,  t = 19 days t=19365=0.052 year simple interest=I I=prt…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year

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