Find the interest rate (round your final answer to the nearest percent) P = $70, I = $3.50, t = 6 months

Q: 5. A family deposited $8000 into an account six years ago. The account eamed simple interest at a…

A: It is given that, Principle amount is, P=$8000 Total interest earned is, B=$1200 Rate of interest is…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: A vehicle is purchased for $45000. If the vehicle depreciates (loses value) at a rate of 20 percent…

A: Given query is to find the value of the vehiuafter 6 years.

Q: At age 30, Julio starts a retirement account. He deposits $145 at the end of each month in an…

A: The deposit monthly  $145  APR=3%=0.03 a) A=Pmt x 1+APRnnT-1APRn................equation 1 Here,…

Q: Answer

A: We find required amount.

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

A:

Q: $1180 at 7.6% for 14 months find the interest

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Q: d 500 as a monthly payment for a new car. Your bank offers car loans at 4.5% APR for 3 years. How…

A: Introduction: The formula for the monthly payment is given by, M=Pr1+rn1+rn-1 Where P is amount of…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.1%, t = 6 months

A:

Q: Alex takes an auto loan of amount $25,000. He has to repay X at the end of each month for the first…

A: Solution:

Q: F=$2000; r=9%; t=6 months. Find the present value.

A: Given Future value(F)=$2000, Rate of Interest(r)=9% and t=6 months=0.5 year We know that Future…

Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

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Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

A:

Q: 6. The value of a new speed boat depreciates at a rate of 7% per year. If the boat was bought for…

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Q: 3. A restaurant bill is $59 and you pay $72. What percentage gratuity did you pay

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 3.8%, t = 17 days

A:

Q: You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26…

A: Here we have to find the sale charge percent

Q: Tim Houston purchased a wall unit for $2,300. He made a $600 down payment and financed the balance…

A:

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A: