Camille invested $3,000 into an account that earned annual simple interest. She made no additional deposits or withdrawals, and after 9 years she had earned $1,755 in interest. What was the interest rate of the savings account? :: 3.5% :: 4.25% :: 5.9% : 6,5%

Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Rodney invested some money in a certificate of deposit (CD) that paid interest at a rate of 9% per…

A:

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

A:

Q: Find the simple interest earned. Round percent's to the tenth or hundredth of a percent. Jean…

A:

Q: Skylar goes to the store to buy a sweatshirt and finds out it is on sale for 58% off. How much was…

A:

Q: Mary borrowed $28,500 to start her business. The bank charges 4.5% annual simple interest and…

A: Mary borrowed $28,500 to start her business. The bank charges 4.5% annual simple interest and…

Q: Jefferson borrowed $5000 at a simple interest rate of 6% per annum. At the end of the term, he owed…

A: Given:Jefferson borrowed $5000 at a simple interest rate of 6% per annum. At the end of the term, he…

Q: James wants to buy a car that costs $14,550. The dealership will finance the car for 5 years, at…

A:

Q: Bill Seeker bought a boat costing $8000 with $2500 down, the balance plus add-on interest to be paid…

A:

Q: Marcus

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Q: maria borrows $2,000 from her cousin and agrees to pay her back in 6 monthsat a 3% simple interest…

A: Principal amount is $2,000Rate of simple interest is 3% per year, andTime is 6 months, that is 0.5…

Q: Joy pays $9500 for shares in a new company.

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Q: Jackie Rotter took out a loan of $20,000 to be repaid at end of 7 months in one payment with…

A:

Q: Rahul purchased his car for $28 000. The car depreciates by 8.75% per year. What is the value of the…

A: The initial cost of the car, P0=$28 000 rate of depriciation per year, r = 8.75%=0.0875 Number of…

Q: Two balloons, one red and one green are released from a platform at t=0. Each balloon goes up for a…

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Q: Keiko invested $3000 in a fund for 6 years and was paid simple interest. The total interest that she…

A:

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: A man needed money for college. He borrowed ​$7,000 at 16​% simple interest per year. If he paid…

A: Let, duration of the loan is t months.  Now, here the amount borrowed is $7000. So, P = $7000. Rate…

Q: Christine borrowed $3000 from a bank for 2 years and was charged simple interest. The total interest…

A: Given that, P=$3000 N=2 year I=$120  We have to calculate simple interest rate.

Q: A shirt is on sale for 20% off. Sandy paid $8 for the shirt. What was the shirt's regular price?

A: Let x represents the shirts regular price A shirt is on sale for 20% off. Sandy paid $8 for the…

Q: Karen was paid $15.00/hour at her job. She received a raise of 7%. What was the amount of the raise?…

A: To find raise & new hourly rate we use percentage formula.

Q: A friend plans to purchase a mattress that sells for $1200 at a particular store. The store is…

A: Original price of the mattress = $1200 Store is selling the mattress at 15% discount. So, the store…

Q: Doris opens a new account with a deposit of $5,000. The account pays 2% simple interest. Interest is…

A:

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.