Find the interest due on $1,400 at 9% for 270 days

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: If 60,000 was deposited in a bank and became 61, 625 at the end of 150 days, find the interest.

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Q: $9,000 for 3 years at 4.25% compounded monthly

A: Given:             Present value is P=$9000.             Time in years is t=3,             Rate of…

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: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…

A: # Given: principal amount P=10000  rate of interest r=8%   then to find amount to be paid at the end…

Q: A man applied for a loan with 16% interest. The interest will be automatically deducted from the…

A: If the interest is simple, then the formula that is used is A=P1+rt, where A is the final amount, P…

Q: $1,000 for 5 years at 3% compounded quarterly

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Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: Find the interest paid on a loan of ​$2,100 for three years at a simple interest rate of 12​% per…

A: Simple Interest:The interest amount paid by borrowers to the lenders or the interest amount charged…

Q: determine the simple interest that pia catriona needed to pay if she borrowed 2345 at 3 1/5%for 10…

A: Given Principle (P) = 2345 Rate (R) = 315% Hence R = 165% Time (T) = 10 months Hence T = 1012years

Q: Find the simple interest earned on 5,000 deposited 40% for 10 years.

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Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

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