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: 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: 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: 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: A lambo sells for $48,000 if the price deprecates at 18% rate per year , how old will it be before…

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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: simple

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

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Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

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Q: Richard invests $298.66 every month into an account. At the end of 30 years, he has a balance of…

A: Given: The investment rate is $298.66 per month and  total time 30 year=360month and final balance…