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: Find the accumulated amount at the end of 11 months on a $2100 bank deposit paying simple interest…

A: Given, period=11 months Amount= $2100 interest at a rate of 9%/year. To find the accumulated amount…

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: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: Mr. A borrows P 12,000.00 with interest at 6% for two years from Mr. B. What should Mr. B accept in…

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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: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

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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: Grandma Riley wants to help Scott while he's in college by giving him a $220 monthly allowance for 5…

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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: Hi! how much would need to be placed into the account initially if $16,422 is the amount Karen would…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Your electric bill is $128. You are charged 12% simple interest for late payments. How much do you…

A: Solution-: Given: Amount of  electric bill is $128. Rate of simple interest =12% . How much do you…

Q: What interest would be charged on a loan of $3000 at 4% interest for 1 ½ years?

A: Given information,

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…