You borrow 25500 DHS from your brother and promise to pay back 30000 DHS in twelve (12) months. What simple interest rate will you pay? Identify the Future Value amount Identify the Principal amount DHS DHS Identify the Time (as used in the equation for calculation) years

Q: Cody borrowed $9100.00 from his credit union. He agreed to repay the loan by making equal monthly…

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: Calculate the amount of interest you'll have at the end of the indicated period. You invest $7000 in…

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Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

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Q: $5000 8% annually 4 years   A. Find how much money there will be in the account after the given…

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Q: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

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Q: If P25,000 is deposited in an account that earns interest compounded monthly becomes P32,000 after 2…

A: Given Information - Amount deposited in the account = P25,000 Amount after 2 years = P32,000 We have…

Q: You take a loan from your local bank. Determine the interest that is accrued on $7000 for five years…

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: You deposit $1600 in a bank account that pays 2.5% annual interest compounde monthly. Find the…

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Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

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Q: You can afford monthly deposits of $120 into an account that pays 2.4% compounded monthly. How long…

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Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: A deposit of $1500 in an account pays 7.25% interest a year. What is the account balance after 8…

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Q: A time deposit account In a bank yields 5.5% compound interest Annually . Jennifer invested P 450 ,…

A: The formula for the amount for compound interest is given by  A=P1+r100t where P is the principal…

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

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Q: $1240 at 8% compounded annually for 2 years, what's the interest?

A: Given than,Principle amount, p=$1240Time period of investment=2 yearsRate of interest, R=8%

Q: jim borrows $500 at 17% per annum compounded quarterly for 2 years. Determine the interest due on…

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Q: Jim borrows $400 at 3% per annum compounded quarterly for 2 years. Determine the interest due on the…

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Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: You decide to quit using your credit card and want to pay off the balance of $13,300 in 2 years.…

A: PV = $13300 r = 21.35% = 0.2135  n = 2 years = 2*12 = 24 months Formula :  P = r*PV/(1-(1+r)-n)

Q: After 5.63years, the principal amount tripled. If the interest rate is 5%. What is the method of…

A: Use the formula for the compound interest and then find the method.

Q: You get a bonus of 800.00. You invest it in an account that earns 2.5% interest compounded monthly.…

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