How much interest is earned at 2-% if an amount of P10,500 was invested on October 3, 2021 and will mature on June 3, 2022? (A) P174.76 B) P10,675 C) P175 (D) P1,750

Q: 5. Jack borrowed $2750 at a rate of 4.7% per year. a) What is the interest that is accrued for one…

A: The borrowed amount = $2750 Rate of interest = 4.7% per year Interest incurred in one year is…

Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

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Q: Michael Wittry has been investing in his Roth IRA retirement account for 24 years. Four years ago,…

A: Number of years of investing is 24 years. Four year ago, The amount in the account is $215,601.…

Q: When Brad was born, his Grandma put $1,500 in a new account for him. Since then, the balance of the…

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Q: how much interest was earned in account 1

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Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

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

A: .

Q: Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. What is the…

A: Henry deposits $7500 in an account earning 2.75 percent interest compounded monthly. We need to find…

Q: A young woman 22 years old has just graduated from college. She accepts a good job and desire to…

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Q: How much will be charged in prepaid interest on a $500,000 loan with an APR of 3.725% that was…

A: Definition- Prepaid interest is defined as the charges due at closing for any daily interest that…

Q: You put $399 per month in an investment plan that pays an APR of 6%. How much money will you have…

A: Recall the following. A=P1+rnnt-1rnA is the total amountP is the periodic investmentr is the rate of…

Q: How much interest is earned at 2 1/2% if an amount of P10,500 was invested on October 3, 2021 and…

A: Solution

Q: b) A salary of £5 240 is to be increased by 1.2%. Calculate (i) the increase, (ii) the new salary.

A: Given that the salary of £5240 is increased by 1.2% To calculate  (i) the increase  (ii) the new…

Q: 4. When Sarah was 7 years old, her parents invested $10 000 for her in a plan that earns 5 % per…

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Q: 1. Determine the simple interest earned on each investment. a) $400 is invested at 3.5% annual…

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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: Which of the following is the present value of PHP 1,280,000 due in 5 years if the money is worth…

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Q: 7

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Q: Mr. Uy, an entrepreneur, invested ₱ 5, 000, 000.00 in a financial institution.How long will it take…

A: The principal amount invested is P= 5000000 The amount A= 10000000 Therefore the interest accrued is…

Q: "On his tax return this year, Steve reports $575 income from interest. Assuming an interest rate of…

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Q: Suppose you want to have $700000 retirement in 20 years. Your account earns 10% interest. A) How…

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Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.