Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the simple interest.

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: The ordinary simple interest charged after 130 days on a loan of P 10,200 is P575. Find the interest…

A: Given: P=10,200I=575R=?T=130  days

Q: Calculate the simple interest due on a 45-day loan of $3500 if the annual interest rate is 8%.…

A: Follow the procedure given below.

Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

Q: Chuong Ngo borrows $3600 from a bank that advertises a 9% simple interest rate and repays the loan…

A: Approximate the annual percentage rate (APR) of a simple interest rate loan by: where n is the…

Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: 3. Mocca Blanca invested P45, 000 for 2 years and 8 months and earn P12,450 interest. What was the…

A: Mocca Blanca invested P45, 000  for 2 years and 8 months and earn P12,450 interest . We have to find…

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A:

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Jennifer earned $ 42.55 interest over the period of 146 days on a term deposit that pays 5.75 % per…

A:

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A:

Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

A:

Q: Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2…

A: a. Given : P= 1000             rate =3% annual            time = 2 years b. Given : P= 5000…

Q: A car dealer will sell you a used car for $6,498 with $798 down and payments of $162.51 per month…

A:

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: Milena deposited ​$9,000 in a certificate of deposit​ (CD) account that pays 3​% annual​ interest…

A: Given query is to find the amount accumulated in the account after 5 years.

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Find the simple interest on a loan of $15,500 at 8.2% interest for 10 months

A:

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

A:

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Calculate the amount of simple interest earned. $1,000 at 8% for 4 years

A: Given: Principal amount = P = $1000 Rate = R = 8% Time = T = 4 years.

Q: Colleen has an offer to buy a car with a sticker price of $25,900 by paying $460 a month for 72…

A:

Q: $8000 are invested in a bank account at an interest rate of 6 percent per year.

A: Given: $8000 are invested in a bank account at an interest rate of 6 percent To Find: a. Find the…

Q: b.) Loren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was the simple…

A: If, P= principal t = time ( in years) r= rate of interest Then , Interest I= (P × t × r)÷100.

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

A:

Q: Mary has agreed to loan Karen $1,125.37 for 5 years at 7%% simple interest. How much will Karen…

A: # Mary will receive the amount when loan is repaid as Mary has agreed to give loan to Karen The…

Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…

A:

Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

A:

Q: Stephen lent $4,300.00 at a simple interest rate of 4.00% p.a. on March 15, 2014. Calculate the…

A: Given :-initial principal amount=$4,300.00interest rate=4.00% per annumDays Between Two Datesmarch…

Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

A:

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: Find the simple interest on a loan of $13,500 at 8.2% interest for 8 months

A:

Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly payment of P2…

A: Given that, the down payment of the equipment is P25,000, monthly instalment is P2500, duration is…

Q: What equivalent interest rate that corresponds a discount rate of 9.98% for 700 days?

A: Given: Let us determine the equivalent interest rate for a 9.98% discount rate over 700 days

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: Calculate the amount of money that was loaned at 3.00% per annum for 3 years if the simple interest…

A: I= P r t

Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given: