If Jessica borrows $4,500 at 6 7/8% simple interest for 4 years, how much interest will she pay? Group of answer choices $1,220.40 $103.13 $900.00 $5,737.50 $1,237.50

Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: 5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest…

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Q: Shelley Ann signed a $20,000 note for 120 days at Concord Bank that charges a 5.5% discount rate.…

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Q: Juan bought a T-bill with a simple discount rate of 1.89%. The T-bill will mature in 26 weeks, and…

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Q: You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for…

A: Given that The monthly payment PMT=$1000Interest rate  r=5.2%=5.2100=0.052Compounded monthly…

Q: For 25 years, you deposited $4500 each year into an investment account that earned 6.5% interest.…

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Q: Daisy Rose has a credit card that charges a finance charge on the previous balance according to the…

A: Solution:-  Since the previous balance is between 100$ & 200$ therefore, the finance charge will…

Q: loan

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Q: Your dinner bill was $64. If you leave a 20% tip, how much will the tip be? $9.60 $12.20 $10.60…

A: Given ,     Dinner bill = $64    Tip was 20% .  We have to find the tip.

Q: Alewuya invests $3,000 at 2% simple interest for 1 year. How much is in the account at the end of…

A: Given, Principal amount (P) = $3,000 Interest rate (r) = 2% Time (t) = 1 year   Introduction: Simple…

Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Jane Doe ran up $20,500 on her credit card, which charges 29.85%. If she decides to cut up her card…

A: This is a problem related to interest calculation. Based on the general formula we will answer the…

Q: If a T-shirt costs $15 and you have a coupon for 25% off, how much will the final cost of the…

A: Percentage is expressed using sign .can be written as .

Q: Jamil wants to renovate his Studio in 6 years. He estimates the cost to be $15474. How much should…

A: Given, Future value FV=15474$ Rate of interest r=8%=0.08 Number of times per year m=1 time t=6 years…

Q: You can afford a $350 per month car payment. You've found a 3 year loan at 7% interest. How big of a…

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Q: Tuition of $2086 will be due when the spring term begins in 11 months. What amount should a student…

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Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other