If you deposited 6,000 SR before 3 years and now the bank gives you 7,500 SR, what is the interest rate that was given to you by the bank?

Q: If you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in…

A: $1000 is as deposit or securities for rent and it earns 4% simple interest . As long as tenant pay…

Q: You can afford a $350 per month car payment. You've found a 3 year loan at 6% interest. How big of a…

A: Monthly payment that can be affordable is equal to $350 So A=350 The rate of interest  is 6% per…

Q: You purchase a car today using a loan of $19000o APR 6%. plan is to pay during 5 years with equal…

A:

Q: A bank announces that it will lend 1200 $ to be repaid in 30 monthlyinstallments of 60 $. Calculate…

A: Using the given values:PV = $1200Monthly payment= $60n = 30 months

Q: An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If the…

A: Interest is an amount earned on any investment. It can be basically classified as• Simple Interest…

Q: How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3…

A: Compounding interest is a type of interest calculation where the interest earned on a principal…

Q: Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments…

A: Monthly PITI (Principal, interest, tax , insurance) = monthly PI + Monthly tax + monthly insurance…

Q: Tom has the opportunity to purchase an investment that will pa $30,000 in 5 years. The purchase…

A: here we can calculate the present value and know the is tom purchase or not which are as follow-

Q: -An individual deposits $1,500 in a savings account that pays 3% interest annually. How much will…

A: Given information,  Principal amount (P): $1,500 Interest rate (r): 3% annually Time period (t): 5…

Q: How can we calculate the effective interest rate, altering the period value?altering the period…

A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…

Q: If you need to have $10000 in savings at the end of 5 years and your savings ?account yields 5%…

A: You need to have $10000 in savings at the end of 5 years and your savings account yields 5% annual…

Q: Assume that you deposited $750 in an account 5 years ago with 12% annual interest rate. How much…

A: Present value is the value of investment in today's dollar.Future value is the value of investment…

Q: In how many years will an amount be doubled if the interest rate is 6%?

A: Interest rate can be defined as the percentage of the loaned amount a borrower is obliged to pay to…

Q: A loan is repaid by making payments of $5000.00 at the end of every six months for fourteen years.…

A: Periodic payment (A) = $5000.00Length of each period = 6 months or half a year.Nominal rate of…