ple interest word problems-1 mount of simple interest that is paid over a period of five cipal of $25,000 at a simple interest rate of 8%. 1. Find years o troao 2. Calculate the total worth of an investment after six months with a principal of $10,000 at a simple interest rate of 3.5%. 100000.06 $550 3. To buy a motorcycle, Juan borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much interest will she pay if she pays the eñtire loan off at the end of the third year? What is the total amount that she will repay? 1S000 7. x5 54050 615000 A a0 5019050 4. Lillian invested $6000 in a bank at a simple interest of 3%. She earned $450 in interest. How long was the money invested? 5. Tony borrowed $12000 for 4 years to make home improvements. If he repaid a total of $20640, at what interest rate did he borrow the money? 6. Jacky deposited $1000 into a savings account. How much will Jacky have in this account after 8 years at a yearly simple interest rate of 3.5%? 7. Edward borrowed $6500 for 8 years to make home improvements. If he repaid a total of $11,700 at what interest rate did he borrow the money? 8. Tom deposited $2000 into a retirement account when he was 35. How much will Tom have in this account after 30 years at a yearly simple interest rate of 6.5%?
ple interest word problems-1 mount of simple interest that is paid over a period of five cipal of $25,000 at a simple interest rate of 8%. 1. Find years o troao 2. Calculate the total worth of an investment after six months with a principal of $10,000 at a simple interest rate of 3.5%. 100000.06 $550 3. To buy a motorcycle, Juan borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much interest will she pay if she pays the eñtire loan off at the end of the third year? What is the total amount that she will repay? 1S000 7. x5 54050 615000 A a0 5019050 4. Lillian invested $6000 in a bank at a simple interest of 3%. She earned $450 in interest. How long was the money invested? 5. Tony borrowed $12000 for 4 years to make home improvements. If he repaid a total of $20640, at what interest rate did he borrow the money? 6. Jacky deposited $1000 into a savings account. How much will Jacky have in this account after 8 years at a yearly simple interest rate of 3.5%? 7. Edward borrowed $6500 for 8 years to make home improvements. If he repaid a total of $11,700 at what interest rate did he borrow the money? 8. Tom deposited $2000 into a retirement account when he was 35. How much will Tom have in this account after 30 years at a yearly simple interest rate of 6.5%?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14P
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I don’t understand how to calculate these problems
Transcribed Image Text:ple interest word problems-1
1. Fin
years cipal of $25,000 at a simple interest rate of 8%.
rso00 x S75
mount of simple interest that is paid over a period of five
trodo
2. Calculate the total worth of an investment after six months with a principal of
$10,000 at a simple interest rate of 3.5%.
100000035
Se00 $550
3. To buy a motorcycle, Juan borrowed $15,000 for 3 years at an annual simple
interest rate of 9%. How much interest will she pay if she pays the entire loan
off at the end of the third year? What is the total amount that she will repay?
15000 7. x 5 44050
815000 a a0 5019050
4. Lillian invested $6000 in a bank at a simple interest of 3%. She earned $450 in
interest. How long was the money invested?
5. Tony borrowed $12000 for 4 years to make home improvements. If he repaid
a total of $20640, at what interest rate did he borrow the money?
6. Jacky deposited $1000 into a savings account. How much will Jacky have in
this account after 8 years at a yearly simple interest rate of 3.5%?
7. Edward borrowed $6500 for 8 years to make home improvements. If he
repaid a total of $11,700 at what interest rate did he borrow the money?
8. Tom deposited $2000 into a retirement account when he was 35. How much
will Tom have in this account after 30 years at a yearly simple interest rate of
6.5%?
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