The total interest earned for both loans was $1,510.00. H

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

A:

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: You loaned a friend 1000.00 at simple interest of 4%. If total interest your friend paid was 150.00,…

A:

Q: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

A:

Q: Find the gross income, the adjusted gross income, and the taxable income. Suppose your neighbor…

A: Given that, Wages=$319,150Interest earned=$1790Tax-deferred retirement plan=$4100Personal…

Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

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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: maria borrows $2,000 from her cousin and agrees to pay her back in 6 monthsat a 3% simple interest…

A: Principal amount is $2,000Rate of simple interest is 3% per year, andTime is 6 months, that is 0.5…

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed given the total payment…

Q: The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the…

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Q: Suppose that you borrow $17,000 for four years at 6 ​%  toward the purchase of a car. Use PMT equals…

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Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

Q: interest

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

Q: How much will be charged in prepaid interest on a $500,000 loan with an APR of 3.725% that was…

A: Definition- Prepaid interest is defined as the charges due at closing for any daily interest that…

Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

A:

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: Suppose that you borrow $13,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Find the interest due on $1,400 at 9% for 270 days

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Q: Find the simple interest Jolie owes on a 2-year loan for $8,000 to buy a used car at the rate of 9%…

A: The objective of this question is to calculate the simple interest Jolie owes on a 2-year loan for…

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: Your total payment on a 5 year loan, which charged 6% annual simple interest, amounted to $40,160.…

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Q: If you paid $47 to a loan company for the use of $1120 for 191 days, what annual rate of interest…

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Q: The cost to purchase the house that Bainters are considering is $195, 000, but the Bainters plan to…

A: Given that, The total cost of the house $195,000. Plan to make down payment $40,000. Time is 30…

Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…

Q: A loan for a new tractor is to be simple interest. The rate is 7.2% for 6 years on $43,400. How much…

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Q: Suppose that you borrow $20,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Craig decides to purchase a property that has been valued at $560,000. He has $90,000 available as a…

A: According to the given information, The total value of property = $560000 Amount of deposit = $90000…

Q: Your total payment on a 7 year loan, which charged 6% annual simple interesr , amounted to $60,860.…

A: Given information -  Time period of the loan = 7 year. Rate of simple interest = 6% Total amount…