A man buys an electric fan from a merchant that charges P1,500 at the end of 120 days. The man wishes to pay cash. What is the cash price is money is worth 12% simple interest?

Q: A man borrows P15, 000 from a loan firm. The rate of simple interest is 10 %, but the interest is to…

A: Given problem Given that   A man borrows P15, 000 from a loan firm. The rate of simple interest is…

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

Q: Julie borrowed $8200 at a simple interest rate of 0.5% per month. How much interest will she owe…

A: Given : Julie borrowed $8200 at a simple interest rate of 0.5% per month.   To Find : Simple…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: Jill invests $3,000 into a savings account. In five years, she hopes to generate $500 interest.…

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Q: Marivic is a sales agent for the High Ace Realty.  She is paid based on commission only .She is…

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Q: $350 is borrowed at a rate of 2.5% simple interest for 3 years. How much interest will be paid?

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Q: You owe $2300 on a credit card with 21% APR if you pay $80 a month, how long will it take you to pay…

A: Formula for the loan amortization is  A=Pi(1+i)n(1+i)n-1 where A=periodic payment P=loan amount…

Q: Bella Sandino made a $600 loan to her friend, Sadie, at 11%. Sadie paid back the loan with interest…

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Q: Margo borrows $100, agreeing to pay it back with 6% annual interest after 16 months. How much…

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Q: Nicholas Thomas deposits $38,000 in his school credit union for 7 months if the credit union pays 3…

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Q: loan

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Q: Joaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

A: Given P = $120, A = $140 and T = 30.

Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Jefferson borrowed $4000 for his college tuition at an annual simple interest rate of 5.5%. When he…

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Q: The total intrest that she paid on the loan was $270.

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Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

Q: A business analyst starts at $45,000. She receives a 5% raise at the end of each year. What is her…

A: P=$45000Rate = R= 5% =0.05Time=t=6 years

Q: A WSU student invests $13,000 for 4 years at an annual simple interest rate of 12%. How much will be…

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Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.