71--150743-Caul3244 Joe borrowed an amount of money at 9% Der year and twice 0s much at 11% per uear The total uearly interest was 55 How much did $the' borrow at each rate. ( 9% $ 500, l1% B1,0001

Q: You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.…

A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

Q: How much of this total is interest?

A: Interest rate per period, r = (5%)/4 = 0.05/4 = 0.0125 Total no. of periods, n = 4*20 = 80   Use the…

Q: mr. and mrs lkan deposite $15,000 into college saving account with an annual compound interest rate…

A: Given that Mr. and Mrs. Ikan deposited $15,000 into college saving account with an annual compound…

Q: A man took loan from a bank at the rate of 8% per annum simple interest. After 4 years he had to pay…

A: Formula : Simple Interest = PRT/100

Q: What was the initial amount deposited in the bank account? Round your answer to the nearest integer.…

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Q: How an aclount in the account in 8 years Assume the account. earns 6% interest CompoyAced monthly…

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Q: $7400 is invested for 5 years at 12% compounded quarterly. To the nearest cent, find the following:…

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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: Four thousand dollars is deposited in a savings account at 7​% interest compounded quarterly. Find…

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Q: If $6000 is borrowed at 7.5% simple interest for 2 yr, _____ then the amount of interest is

A: The value of principal is P=$6000. The rate of interest is R=7.5%. The time is given by T=2 years.…

Q: ). BAKERY Carlos Mora His furnily has agred to 2 years once he complet deposit today in an inves…

A: it is known that A=P1+r44n here A is the future value  P is the present value  r is the rate of…

Q: Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each…

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Q: 14 How much must be deposited in an account paying 7 percent if interest of $100 is to be eamed in…

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Q: 15000 with an interest rate of 8% compounded monthly how long will it be until the account has a…

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Q: Calculate the total worth of an investment in dollars after six months with a principal of 10,000…

A: simple interest formula: total worth = simple interest + principal =I+P simple interest I=PTR/100…

Q: 17 Theo invested $3000 at 8% p.a. compound interest for 2 years. Calqulatę the interest earned. C409…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Sarah spent $500 on a credit card last month. She went online to her account and paid $250 towards…

A: Sarah spends $500 from her credit card last month. So the balance in the credit card now is -500

Q: 3 3 Accumulate P70,000 for 2 years and 9 months at 22% simple interest. 4

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Q: April borrows $22000 at an interest rate of 3% to purchase a new automobile. At what rate (in…

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Q: Find the final amount of money in an account if $6,500 is deposited at 3% interest compounded…

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Q: deposit $500 in a savings account with 3% interest compounded annually. What is the balance in the…

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Q: K Ms. Jones deposited $300 at the end of each month for 20 years into a savings account earning 3%…

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Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Nancy has $700 in a savings account. She makes no additional deposits or withdrawals. Nancy earned a…

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Q: $10,000 put in bank account for 40 years at 3% interest, compounded monthly?

A: Thanks for the question :)And your upvote will be really appreciable ;)