4 4 points Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment period, his investment will be worth RM7 250.Find the simple interest rate that is offered. 15.75% 15.5% 15% 16%

Q: 7) You deposit $3,000 into a savings account. You earn 4% interest compounded annually. Complete the…

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Q: Miroslava has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

A: option b is correct  at the end of 15 years Miroslava have balance $175,500.40 using the formula for…

Q: You want to invest $ 1 000 in a mutual fund that offers a 5% guaranteed rate of return. Current…

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Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: Justin Beiber takes out a $30000 loan for her new Ford Mustang. He will pay back the entire loan at…

A: Given information Principal = $30000 Time = 8 years Interest rate = 7.25%

Q: balance of $11,660 at an APR of 16.99%You plan to pay $500 each month in an effort to clear the debt…

A: Solution:-The loan amount on the credit card i.e. PV =$11660APR =16.99% p.a. i.e. 16.99/12 =1.41583%…

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

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Q: Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a…

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Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

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Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…

A: The mathematical formula for calculating compound interest depends on several factors. These factors…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: The cost to attend 1 year at the college that Jordyn would like to attend is $17,250. Jordyn's…

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

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Q: Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000…

A: Given: Future value is $13000. Time is 2.5 years. Simple interest is 5.25% per annum. To find:…

Q: The bank is paying 9% interest compounded monthly. If you deposit P1,000 at the beginning of each…

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Q: Calculate the time needed on an investment of $500,000 to gain                         interest of…

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Q: 4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's investment…

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Q: 1. Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin's account at the…

A: For principal amount P, and simple interest r%/a, the amount after t years         = P(1 + rt/100)

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: Don borrows P5000 for 2 years at 4% per annum simple interest. He imrnediately lends it to another…

A: Explanation for the correct choice. The formula for the simple interest is I=PRT100. Initially,…

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

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Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: You are taking out a new loan of $80,000 that includes an origination fee of 1.0%. How much money…

A: Question of Business math. To calculate the origination fees of a loan.

Q: Montserrat has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

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Q: You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26…

A: Here we have to find the sale charge percent

Q: Lashonda takes out a loan for her college tuition from a bank that charges simple interest at an…

A: using,   simple  interest = p×r×t where, p= principal              r= rate%             t= time .

Q: Khairy invested RM7 000 for 4 years 7 months at a simple interest of 7% per annum for the first two…

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Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years