What simple interest rate is necessary for $850 to be worth $1200 after 15 years?  Enter your answer as a percentage, rounded to one decimal place (tenth of a percent) if rounding is necessary.  The % symbol is already listed next to the answer box, so do not type the % symbol in your answer.

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Karen's Katering borrows $5,500, at 8.5% interest, for 280 days. If the bank uses the exact interest…

A: Interest found using a 365 day year is exact interest method P=$5500 r=0.085 t=280/365

Q: Using the simple interest​ formula, determine the number of months until $1527.00 will earn $91.62…

A:

Q: At age 18, someone sets up an IRA (individual retirement account) with an APR of 8%. At the end of…

A: Deposit at the end of each month

Q: ​Annie's cafe borrows $9,400 at 5​% for 240 days. Find the total amount that must be repaid after…

A:

Q: Use the simple interest formula to determine the missing value. p= ?, r= 4%, t= 3 months, i = $16 p=…

A:

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

A:

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

A:

Q: If $1900 earned simple interest of $38.95 in 6 months, what was the simple interest rate? The simple…

A: I = 38.95 P = 1900 t = 6months=   (1/2) = 0.5

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A: