Write an algebraic equation for the following problem and then solve it Beth and Mark borrowed $4000 at a simple interest rate of 5% for a period of 3 years. What was the interest? Write an equation for the interest I earned. (Do not simplify. Use integers or decimals for any numbers in the expression.) The interest is S (Simplify your answer.)

Q: On his twelveth birthday, a boy inherits $12,000 which is to be used for his college education. The…

A: amount return A on investing P amount on R% compounded annually for t years is given by A=P(1+R100)t…

Q: Find the interest rate for a principal of $8581 and charged $40651 in interest for 18 years.   The…

A: The objective of this question is to find the interest rate for a given principal amount, interest…

Q: Hourly salary If you earn $225 for 37 1/2 hours of work, how much should you earn for 46 1/2 hours…

A:

Q: kirk pays $300 per month to what is school loan he has already paid $8,000 of the total loan amount…

A: kirk pays $300 per month to what is school loan he has already paid $8,000 of the total loan amount…

Q: The principal is $484 and the time is 2 years. Find the simple interest rate when the interest is…

A: Given Principal( P ) = $484 Interest( I ) = $145.20time( t ) = 2 years Let rate = r

Q: To pay for a $19,800 camper, Lisa made a down payment of $4400 and took out a loan for the rest. On…

A:

Q: A bank makes a car loan of $27,700, at 5.3% interest and with a loan period of 3 years. What is the…

A:

Q: You make an investment of ​$1400. Find a formula for the amount of money​ (A) in the investment…

A: Given that investment is $1400 and the investment loses $43 every year. Let t denote the years.

Q: Keiko invested $3000 in a fund for 6 years and was paid simple interest. The total interest that she…

A:

Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

A:

Q: Nicole opened a savings account with $5000 and was paid simple interest at an annual rate of 2%.…

A:

Q: Monica made $500 in simple interest on an investment of $4000 over 2 years. = Prt to find the rate…

A:

Q: 24. A student wishes to save money for a rainy day. She invests $5000 into an investment fund that…

A:

Q: 16. Nathan has $3500 for working all summer and trying to decide which back he should use for his…

A:

Q: You want to get a home loan that nets you $180,000 after paying a fee to your lender of .0225 of the…

A: Given, Net amount of home loan needed = $ 180000   Loan fee = 0.0225 of the loan amount  Additional…

Q: Write equation an for “A restaurant bill came to $72. included in this is a 10% tip. What was the…

A:

Q: While dining at a restaurant, you want to leave a 15% tip. You have a total of $25 to spend. What is…

A: