Find the length of the loan in months, if $200 is borrowed with an annual simple interest rate of 9% and with $212 repaid at the end of the loan. Length of the loan =

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

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Q: Find the discount if $2,000 is discounted for 6 months at 8% discount rate.

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

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Q: a note with a face value of 9000 was discounted at 5% , if the discount was $185, find the lenght if…

A: In bank discount rate we generally use 360 days for one year.

Q: A payday loan company charges a $60 fee for a $650 payday loan that will be repaid in 19 days.…

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Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

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Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

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: |Find the annual simple interest rate of a loan, where $900 is borrowed and where $954 is repaid at…

A: In the given question we have to find the simple interest rate of a lone whose borrowed and repaid…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 5.2%, t = 17 days

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Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: Find the simple interest owed if $200 is borrowed at 4.9% for 7 years.

A: The amount borrowed is $200. The rate of interest is 4.9%. The time period for which the amount is…

Q: Find the savings plan balance after 12 months with an APR of 2​% and monthly payments of ​$100.

A:

Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

A:

Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

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

A: Solution

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A:

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2…

A: a. Given : P= 1000             rate =3% annual            time = 2 years b. Given : P= 5000…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: Find the simple interest owed if $470 is borrowed at 4.1% for 5 years

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Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

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Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

A:

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: A consumer buys a used car for $16000 with monthly payments of $300, an annual interest rate of…

A:

Q: Rob has 100,000. Invested into a fund that adds 5% per year.  How much will he have in 20 years…

A: Given: Initial amount=100,000 Increasing amount=5% of ininitial amount Time = 20 years

Q: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: Find the length of the loan in months, if $500 is borrowed with an annual simple interest rate of 9%…

A: Principal (Loan Amount) = $500 Rate of interest = 9% Amount (Loan repaid) = $537.5 We have to…

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9030, r = 5.25%, t = 6 months

A: Given data is : P=$9030r=5.25%t=6 month=612 year=12 year To find the simple interest.

Q: Find the simple interest owed if $680 is borrowed at 3.1% for 5 years.

A: The amount borrowed is $680. The rate of interest is 3.1%. The period for which the amount is…

Q: You borrow $710 from your brother and agree to pay back $770 in 3 months. What simple interest rate…

A:

Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months.

A:

Q: Discount $1,000 for 9 months and find the discount. at 5% simple interest and at 5% simple discount

A: Given the principal amount P = $1000. The time period t = 9 months = 912 years. Simple interest rate…

Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

A:

Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 17% Number of months (t) = 5…

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: Find the amount due on a loan of $6500 at 8% simple interest at the end of 4 vear

A: Given P=$6500Rate= 8%Time = 4 yearsWe know that I=PTR100

Q: John opened a savings account with $900 and was payed simple intrest at an anual rate of 5%. When…

A: Given that the initial payment is =P= $900 Interest rate= r= 5%= 0.05  time=t= ? Interest = I= $135…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 4.8%, t = 19 days

A: P = $3000  r = 4.8%,  t = 19 days t=19365=0.052 year simple interest=I I=prt…

Q: If P400 is deposited now in a savings account with an interest of %, then the value in the account 8…

A: We are not given if the interest was compound interest or simple interest. In this case, we consider…