nd the amount of the loan if weekly payments of $200 were made for 2 years and the interest rate was charged was 12% compounded week

Q: Find the principal which amounts to $5,500 at simple interest in 5 years at 2% per annum

A: The formula for Simple interest is SI=P×R×T100, where P is the principal amount, R is the rate of…

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

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Q: A loan of  $12,400 is to be repaid with monthly payments for 5 years at 12 % interest compounded…

A: To calculate the monthly payment, we can use the formula for the monthly payment on a loan with…

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: Find the amount of money owed at the end of 5 years if $60,000 is borrowed at 7% per year compounded…

A: Here we have to find amount of money at the end of 5 years if money borrowed is $60, 000 at 7% rate…

Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: Determine the amount to be paid back if $6500 is borrowed for 9 years at 2.5% compounded annually.

A: We have direct formula for compound maturity amount, i have used that.

Q: Janet’s payments on her $12,500 car are $420 a month for 3 years. Assuming that interest is…

A: Janet’s payments on her $12,500 car are $420 a month for 3 years. P = $12,500, t = 3 years & n =…

Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: Find the value of a savings account with monthly deposits of $200 for two years into an account that…

A: Here we have to find the value of a savings account with monthly deposits of $200 for two years into…

Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

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Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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Q: Find the principal if $245 in interest is due after 10 months at 7%

A: By using formula of simple interest.

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Find the interest paid on a loan of ​$2,100 for three years at a simple interest rate of 12​% per…

A: Simple Interest:The interest amount paid by borrowers to the lenders or the interest amount charged…

Q: if you borrow $1200 at an add on rate of 5% for 4 years how much is the monthly payment

A: Given that: Principle(P) is $1200, rate of interest(r) is 5% and time(t) is 4 years. The amount can…

Q: Determine the amount owed on a 750$ loan after 2 years at 12% interest compounded semi annually.

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Q: Find the simple interest on the loan of​ $2500 for 2 years at​ 5%.

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Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

A: