Peter lent $2,860 at a simple interest rate of 3.75% p.a. to his friend on September 08, 2020. Calculate the amount of interest Peter's friend had to pay on April 08, 2021.

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: Compute the amount of interest for $577.00 at 9.38​% p.a. from December 29, 2006 to January 18,…

A: In the question it is asked to calculate the amount of interest from the given data given. Principle…

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A: Given Information - Finance charge on previous balance = $2.30 Previous Balance = $100 We have to…

Q: 2.7

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Q: The simple interest due on a 2.5-year loan of $8,500 is $1,062.50. Find the monthly payments on the…

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Q: Lynn needs to borrow $5500 for cosmetic surgery. She obtains a loan from her grandmother for 48…

A: Given: Lynn borrows a loan for cosmetic surgery of $5500 at simple interest rate 7.3% for 48 months.

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.10 on a…

A: Solution is given below:-

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

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Q: Incorrectly, we usually say that when we multiply any number by ten we “add” a zero to the number.…

A: a) Jushua is wrong because the correct answer is 10×1.3=13 b) If a whole number is multiplied by 10…

Q: Calculate the amount of interest that will be charged on $ 6549 borrowed for 5 months at 6.81 %.

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Q: Tristan Sandino sold a 4.85%, $1,000 bond 80 days after he had received the last interest payment.…

A: Annual Interest Calculation:Bond value = $1,000Annual interest rate = 4.85%Annual interest =…

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: The father has just donated $25,000 to a church. His son would like to donate an equivalent amount,…

A: Given;  Principal =$ 25000 Time = 5 years  Rate = 8.2%.

Q: E.X; Let T = {E₁ = (-∞,a): a = R}U{R,Ø} be a topology on R and let A = [2,3), B=(3,4), C = (1,5], D…

A: It is given that,  T = Ea=-∞, a : a∈ℝ∪ℝ, ∅ is a topology on ℝ. We have to find the closure of the…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Paul Peters received a statement from the ABC Department Store showing a previous balance of $90. If…

A: Interest = (Rate of interest × Amount× Time)/100 Amount = $90 ROI = 2.5% Time = 1 Month

Q: A loan for $5,000 with a simple annual interest rate of 20% was made on September 13th and was due…

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Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: Eight years ago, Natalia purchased a 8.25% bond for $1,000 plus brokerage fees totaling $150.…

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Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

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Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: interest

A: we know that simple interest formula simple interest =P×R×T100where P is principal amountR is…

Q: Jeremy has a credit card with an unpaid balance of $1,210. If he is charged an interest rate of…

A: The objective of this question is to calculate the finance charge for the month on Jeremy's credit…

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Eight years ago, Natalia purchased a 8.25% bond for $1,000 plus brokerage fees totaling $150.…

A: The objective of this question is to calculate Natalia's rate of return on her bond investment. The…

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

A:

Q: Eight years ago, Natalia purchased a 8.25% bond for $1,000 plus brokerage fees totaling $150.…

A: The objective of this question is to calculate Natalia's rate of return on her bond investment. The…

Q: In a rectangle, the width is one-third the length. The total perimeter is 40 inches. Find the length…

A: Solution: Given:    Width is one third of the length of rectangle     and the perimeter of rectangle…

Q: Mitchie borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in…

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Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

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Q: A loan for ​$3,500 with a simple annual interest rate of 8​% was made on June 26 and was due on…

A: From the given data,  The principal, P=$3,500 Rate of interest, R=8% Time, number of days from 26th…