1. If Rita receives $40.34 interest for a deposit earning 6% simple interest for 180 days, what is the amount of her deposit? (Round your answer to the nearest cent.)

Q: Compute the specified quantity. You take out a 5 month, $1,000 loan at 8% annual simple interest.…

A: The Simple interest formula is defined as, S.I.=p×r×t where, p=pricipal…

Q: Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

A: so given a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

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

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

Q: A bank deposit paying simple interest at the rate of 8%/year grew to $1200 in 10 months. Find the…

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Q: Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $540 a month for…

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Q: Find the interest on the following loan. $5386 at 6%; loan made on August 11 and due December 16 The…

A: We have to Find the interest on the following plan $5386 at 6%,loan made on August 11 and due on…

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

Q: A radio commercial for a loan company states: "You only pay 35¢ a day for each $500 borrowed." If…

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Q: How much interest would she expect to pay on the loan in the first month? Hint: 1. Use the simple…

A: The formula for simple interest I = P.r.t , where I is the interest, p is the principal (original…

Q: Find the amount of simple interest on a loan of $2,500 at 4.22% interest for 13.75 months. (Round to…

A: Interest=$2500*12.75 months*4.44%

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

Q: what lump sum do parents need to deposit in an account earning 7% compound monthly so that it will…

A: Here r=7%=0.07, n=12 ,A=$100000, t=15. Let parents need to deposit the lump sum $P We find P.…

Q: What is the total amount to be repaid 3 years, 125 days later?

A: Given: Principal = $8,543 Interest rate = 16.5 % To find: The total amount repaid in 3 years and 125…

Q: you have decided to buy a. new stereo for $2500 and agreed to pay 30 in equal quarterly payments at…

A: To calculate the equal quarterly payments, we can use the formula for the present value of an…

Q: you would like to have $20,000 saved in 4 years. you decide to make payments at the end of each…

A: The formula for annuity is given by A=p1+rknk-1rk.  Here, A is the final amount received at the end.…

Q: For a three year bond of $2,600 at a simple interest rate of 10% per year, find the semiannual…

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Q: Compute the specified quantity. You take out a 10 month, $3,000 loan at 8% annual simple interest.…

A: Given information Principal amount P=$3,000 Interest rate r=8% per year Terms of the loan n=10…