O If q 8250 Investmênt earns 5 ½% interest a y ear, how Invested at 6% to bring in 9 much additionad mum es must be to tel of $ in ter est ? $137,50

Q: Benjamin Franklin invested $2 in 1776 into an account that has a 12% interest rate,in what year will…

A: It is simple interest problem

Q: how long does it take an account containing $8000 to be worth $15000 if the money is invested at 9%…

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Q: What sum of money earns $312 simple interest if invested for 8 years at 13%?

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Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: If the price of gasoline increased by 20% one week and then again by 10% the following week by what…

A: Higher gasoline prices(P) raise transportation costs(C) for businesses. Due to increased price(P),…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: Find the investment needed today to make $ 100,000 in 5 years with a simple interest rate of 8% per…

A: Given data÷ A=$100,000 t=5 years r=8% =0.08 per year

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: Gary is getting a Wi-Fi hotspot that costs $35 and has a monthly data plan of $20/month. How much…

A: Given query is to find the the total cost of wifi over 2 years .

Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

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Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: A machine costs 150,000 and will have a scrap value of 10,000 when retired at the end of 15 years.…

A: Solution

Q: How much will you need to save per day to have $85,000 after 6 years, if your account earns 8%…

A: AmountA : $85,000 Time Period=6 year  Rate of interest =8% per year compounded daily

Q: How long will it take money to triple if it invested at the following rates 5.2% compund weekly…

A: Q

Q: How long will it take an investment of $8,000 to grow to $10,000 if the investment earns interest at…

A: The compound interest formula ( if the interest is compounded on daily basis) is given by:

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

A:

Q: Suppose a computer that costs $1,000 decreases in value by 17% each year. The estimated value of the…

A:

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: What is the accumulated amount earned on $20,000 invested at 3% per year for 5.5 years

A: We have to find the interest first and by adding investment value we get the accumulated value

Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate