Don borrows P5000 for 2 years at 4% per annum simple interest. He imrnediately lends it to another person al 6% per annum for 2 years. Find his gain in the transaction per year. O 9112.50 B125 9225 B167.50

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: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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Q: Peter has P560,000 in his bank account in which he opened exactly 3 years ago. If he did not make…

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Q: You deposit K1000 every year for 4 years with a bank  which pays 6.5% P.a. simple interest. In the…

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Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

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A: In this question, the concept of compound interest is applied. Compound Interest Compound interest…

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A: Topic = Algebra

Q: you rented an aparment for 810 per month for 7 years. what is the toal amount you paid in rent?

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Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

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Q: You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A: Value(P) = $400,000  Interest (r) = 10%  = 0.10 Time (t)= 15 years  Payout annuity :  P = PMT * (1-(…

Q: A Student borrwos 3,000 at 10% For q monthS to Pey +Uition. Find the total amoUnt interest. due…

A: simple interest is given by here we have  P=3000 t=9 months r=10%=0.1

Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: You take a loan from your local bank. Determine the interest that is accrued on $7000 for five years…

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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: Joe invests $500 into an account earning interest compounded monthly. Determine the rate if there…

A: The formula for the compounded amount is given by A=P1+rnnt where A is the compounded amount, P is…

Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

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Q: RM10 000 is invested for 4 years in a bank earning a simple interest rate of 10% per annum.Find the…

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Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

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: Keaton borrowed $950.00 on March 29 at a rate of interest of 7%. Determine the amount of interest he…

A: T

Q: Suppose that you borrow $17,000 for four years at 6% toward the purchase of a car. Use PMT = to find…

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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: Suzy put some money into an accout paying 5.5% interest compuunded continuously for 12 years. She…

A: Given,   Interest rate = 5.5 %   Total amount she has after 12 years = A = $18,900   And it is…