April borrows $19000 at an interest rate of 5% to purchase a new automobile. At what rate (in dollars per year) must she pay back the loan, if the loan must be paid off in 5 years? (Use decimal notation. Give your answer to two decimal places.) 4388.52 withdrawal rate: $ per year Incorrect

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A: In the question it is asked to calculate the total amount generated in account.

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Q: April borrows $19000 at an interest rate of 5% to purchase a new automobile. At what rate (in…

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A: We can find the originally borrowed amount as below

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A: Here, given that you want $500,000 for retirement in 30 years. Your account earns 6%  interest,

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A: Given that, Amount P= 6000 Annual interest Rate,  R= 7% Interes, S.I = 2520 We've to find time n.

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A: Here i consider two conditions  if amount on simple interest  or if amount on compounded interest

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A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

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Q: 3) Find the amount of time it would take for your balance to double at an interest rate of 8.75%.

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Q: Elisa needs money to repair her home air​ conditioner, so she pawns her bicycle. The pawnbroker…

A: Principal amount = $270 Amount paid = $289.80 Interest=$(289.80-270)=$19.80 t=12 days

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