If $ 9.3 is invested in a bank for 1192 days, and simple interest of 4.7 per cent per annum is charged, the total amount of interest received on the deposit will be a. 1.43 b. 10.73 c. 10.80 d. 1.50

Q: The present value that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: Given information, Amount (A) = $11,000Simple interest rate (r) = 9.5% or 0.095Time (t) = 7 years…

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Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

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Q: Find the present value of $24200 at a simple interest rate of 7% in 3 years. a)O $29282 b) O $4200…

A: The future value, A = $24200 The rate of simple interest, r = 7% = 0.07 Time, t = 3 years To…

Q: The present value P that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: The formula for the present value (PV) of an investment is:PV = FV / (1 + r)^nwhere:FV is the future…