1. If the accumulated amount is $1160 at the end of 2 year and the simple rate of interest is 8%/year, what is the principal? 2. How many days will it take for a sum of $1500 to earn $25 interest if it is deposited in a bank paying 5%/year? 3. A bank deposit paying simple interest grew from an initial sum of $1000 to a sum of $1075 in 9 months. Find the interest rate.

Q: The principal P - $6300 is borrowed at simple interest rate r= 4.5% for a period of time t= 16…

A: Solution:-    Given   P=$6300                                       r=4.5%…

Q: Some amount out of $7000.00 was lent at 6% per annum and the remaining at 4% per annum. If the total…

A:

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

A:

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: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

A:

Q: $ 9000 loan is to be paid in 3 years at 3.6% compound interest per year, the accrued interest and…

A: =>Total amount of money to pay off the loan = Total payment at the end of first year +Total…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: 4. Rayanna's father plans to give her monthly payments for the next 4 years as she attends…

A: To find the monthly payment of Rayanna.

Q: Start working with a savings account with a quarter in it and your boss doubles it each day for…

A:

Q: Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was…

A: You can calculate Interest on your loans and investments by using the following formula for…

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: find the time necessary to yield $30 on $450 at 8% simple interest. answer in months

A:

Q: Roslyn plans to use her savings to pay for a holiday. The holiday will cost $6000.  What minimum…

A: Sol

Q: loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how…

A:

Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you…

A:

Q: Suppose that you decide to buy a car for $32,635, including taxes and license fees. You saved $9000…

A:

Q: Suppose you want to buy a new car that costs ​$32, 900. You have no cash only your old​ car, which…

A: A new car costs $32, 900. You have no cash only your old​ car, which is worth $3000 as a​ trade-in.…

Q: Caitlin purchases a retirement annuity that will pay her $2,500 at the end of every six months for…

A:

Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

A:

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

A:

Q: On her twelveth birthday, a girl inhents $12.000 which is to be used for her college education. The…

A:

Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

A:

Q: A loan of 750000 needs to be paid in annual installments by the end of every year. The interest rate…

A:

Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: You have 300,000 saved for retirement. Your account earns 4% interest. How much will you be able to…

A: Given that, You have 300,000 saved for retirement. Your account earns 4% interest. We need to find…

Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12%simple interest

A: In the given question we have to calculate the simple interest on $1200 loan for 9 months at the…

Q: Calculate the amount of SIMPLE interest earned on an investment of $1000 at 4% for 6 years

A:

Q: You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.…

A: