Assume that all interest is simple interest. Ed Bland had savings of  $524  invested at  7%  for  3  years. Find the interest.

Q: Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much…

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

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Q: Larry invests in a $100 savings plan.The plan pays 41/2% interest each year on his account balance.…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: $350 is borrowed at a rate of 2.5% simple interest for 3 years. How much interest will be paid?

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Q: ance placed $5200 in an investment account with a 6.5% interest rate. After how many years will he…

A: We have,P=$5200R=6.5%Find in how many years P will be 2P

Q: Tom invests $5,000 in an account that pays simple interest of 3%. Find the interest earned after 8…

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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: Margo borrows $100, agreeing to pay it back with 6% annual interest after 16 months. How much…

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Q: Joaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

A: Given P = $120, A = $140 and T = 30.

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

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Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…

Q: Zoey has $65,000 in a college savings account which earns 5% annual interest. Zoey plans on taking…

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Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

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

Q: If you put $500 in a bank for 5 years and earn $75 in interest, the interest rate is 4%. O True O…

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Q: FInd the principal that amounts to 20400 in 6months at 4%

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Q: Joe invested 7,000 into a mutual fund to save for a new car. The mutual fund compounds quarterly…

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