Solve the following problem sets in simple Interest. Show your handwritten solution. Determine the ORDINARY SIMPLE INTEREST on P700 for 8 months if the rate of interest is 15%

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: You know you will have $1,000,000 in your account when you retire. You want to be able to take…

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Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How…

A: The objective of this question is to find out how much money needs to be deposited each month in an…

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

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Q: Solve the following problems. How long the ₱400,000 amount to ₱51,000 if the simple interest rate is…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…

Q: Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum. What is…

A: Given :- Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum.…

Q: Suppose you want to have $500,000 for retirement in 35 years. Your account earns 8% interest. How…

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Q: Suppose you want to have $700,000 for retirement in 30 years. Your account earns 6% interest. How…

A: We have given that future value (FV) = $700,000Number of years = 30Number of months = 30*12 =…

Q: Find the time needed in years to make $ 50,000 from $ 30,000 if the simple interest rate available…

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Q: determine the simple interest that pia catriona needed to pay if she borrowed 2345 at 3 1/5%for 10…

A: Given Principle (P) = 2345 Rate (R) = 315% Hence R = 165% Time (T) = 10 months Hence T = 1012years

Q: Solve the following problem set in simple Interest. Show your handwritten solution. What is the…

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