Melanie invests $1,000 at 15% simple interest for 1 year. How much is in the account at the end of the 1 year period? Answer: $

Q: Connor starts an IRA (Individual Retirement Account) at the age of 32 to save for retirement. He…

A: Initial age is 32.Amount deposited is .Retirement age is 65.Retirement savings is

Q: 75% OFF! What is the sale price of a lamp originally priced at $72? Submit SALE

A:

Q: Mike pawns his watch for $120. After 30 days buys it back for $140 what was the interest did the…

A: Solution :  Given that  Mike pawns his watch for $120. After 30 days buys it back for $140

Q: You deposit $980 in a savings account paying 3.8% simple interest. How much interest will you earn…

A:

Q: Margo borrows $700, agreeing to pay it back with 3% annual interest after 17 months. How much…

A: Given that The principal amount P=700 Interest rate R=3%=3100Time T=17 months =1712 years .

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: 4.15%.Find the amount of interest earned and the total value of her account after 18 years.

A:

Q: Jackie Rotter took out a loan of $20,000 to be repaid at end of 7 months in one payment with…

A:

Q: Rahul purchased his car for $28 000. The car depreciates by 8.75% per year. What is the value of the…

A: The initial cost of the car, P0=$28 000 rate of depriciation per year, r = 8.75%=0.0875 Number of…

Q: You deposit $1550 in a savings account paying 3.7% simple interest. How much interest will you earn…

A:

Q: Fernando has $6,600 to invest in a saving account. He receives a steady interest rate of 3.00%…

A: Compound interest formula is used

Q: simple

A:

Q: Connor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. He…

A:

Q: You deposit $1500 in a savings account paying 4% simple interest.How much interest will you earn in…

A: The objective of this question is to calculate the simple interest earned over a period of 7 years…

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: Jefferson borrowed $4000 for his college tuition at an annual simple interest rate of 5.5%. When he…

A:

Q: A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after 18 months?

A: Given :-  Principle amount,P = $2500  Rate,r = 4.5% = 0.045  Given Time = 18 months 1 Year = 12…

Q: Ryan starts an IRA (Individual Retirement Account) at the age of 22 to save for retirement. He…

A: Interest is a concept in finance and economics that represents the cost of borrowing money or the…

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.