Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 2 years?

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: Bob invests $1500 at an annual rate of 2%. Find the balance after 10 years, when the interest is…

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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: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: The future dollars of an investment at the end of 8 years is $ 132,000. Its today’s dollars is $…

A: INTEREST PAID BY BANK AT THE END OF 8YEAR=$132000-$76825=$55175 REAL RSTE OF INTEREST OF…

Q: A senior in high school will get $5000 in graduation money one year from today when finishes his…

A: A senior in high school will get $5000 in graduation money one year from today when finishes his…

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: interest

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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: Nicole wants to save $4000 for a backpacking trip through Europe when she finishes college in 3…

A: Consider the given information.

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: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

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: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

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Q: You save 500 each month by depositing into an account earning 7% monthly. After 15 years you stop…

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Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…