mat pays simple interest of 6% for mount of money you'll have at the end of 20 years is S

Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

Q: At what simple interest rate is P16 500 invested if it earns an interest of P1 620 just after 1.5…

A: Given:  Principal amount p=16500  Amd amount of interest earns I= 1620  Time t=1.5 year   Then to…

Q: A couple bought some stock for $20 per share that pays an annual dividend of $0.80 per share. After…

A:

Q: 4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If…

A: Solution: The principal amount is RM y The total amount is RM 15,500 Time period is 4 years The…

Q: Rob invests $6080 at an annual rate of 8.5% simple interest for 26 months. what is the future value…

A:

Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?

A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…

Q: A couple buys $8000 worth of furniture and takes advantage of the furniture company's "don't pay a…

A: From the given information, The value of furniture bought is $8000. The annual interest rate is 12%.

Q: Rocio invests $130.00 a month for 9 years into an account earning 10% compounded monthly. After 9…

A: We are entitled to solve only 1 question at a time so I am providing you the same. Kindly repost…

Q: lan's new BMW cost him $75,000. From the moment he drives it off the lot, it will depreciate by 15%…

A: Write a function that models the car depreciation use x for 6 years and Y for value of a car In…

Q: Jessica borrowed $3000 from the bank in order to buy a new piano. She will pay it off by equal…

A: Given: The amount borrowed is $3000. Time is 2 years. The interest is 5% compounded monthly. As, the…

Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

A:

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: A bank offers a CD that pays a simple interest rate of 4.0​%. How much must you put in this CD now…

A: Use the formula for total amount in case of simple intrest.

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: In order to have P250,000 in 5 years, how much should you invest if the compound interest is 12%?

A: Given Amount(A) = 250000 Rate(R) = 12 Time(T) = 5

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

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: A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest…

A: Simple interest problem....

Q: Alex has $3200 saved at the bank with a 2.1% yearly interest rate. How much money would Alex have…

A:

Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…

A: Given : Final Amount (A) = $600,000, Time(t) = 25, Interest rate(r) = 10% or 0.1 To find : Interest…

Q: Henry wants to save for a vacation. He invests $2500 for 3 years at 5.7% interest per year, simple…

A: Given:  Hanry wants to save for a vacation. He invests $2500 for 3 years at 5.7% interest per year,…

Q: Ken wants a $1000 TV/sound system. He can't afford that amount so he uses his credit card with 20%…

A: First of all, consider the SI formula for the calculation of the interest monthly. Principal amount…

Q: Suppose that you borrow ​$4000.00 from a friend and promise to pay back $5680.00 in 2 years. What…

A: Formula : Simple interest = PRT/100

Q: You have found an investment at the bank that pays 2.4% interest per year for 10 years. How much…

A: we will use the formula for compound interest as interest will be compound on the money invested.…

Q: You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If…

A: When we invest a fixed sum at a fixed interval of time, it is called an annuity. The formula to…

Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

A:

Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

Q: You have 400000 saved for retirement. Your account earns 10% interest. How much will you be able to…

A:

Q: A recent high school graduate received ​$600 in gifts of cash from friends and relatives. In​…

A: We will find how much money he will be getting after 36 months as following .

Q: We invest $5500 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Formula: The formula that represents the simple interest is: I=PRT100 I is the interest. P is the…

Q: We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Let, P = initial  amount r = annual  interest  rate t = time ,then the simple  interest  formula…

Q: Caleb deposits $5500 in an investment account that earns 3.8% annual interest.  Find the balance…

A: Use formula of compounded interest

Q: A recent high school graduate received ​$900 in gifts of cash from friends and relatives. In​…

A:

Q: Discount p500 for 2 years at 6% simple interest?

A: The simple interest formula for a principal amount(p) for t years at an interest rate of r% is given…

Q: The city is issuing bonds to raise money for a building project. You obtain a $2800 bond that pays…

A: For a bond of an amount $ P, that pays r % interest annually and matures in n years, the total…

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…

Q: Jimmy deposits $4000 at a bank with an interest rate of 4.5% per year and he has no plans of…

A: From the given information, the principal investment is P=$4000, interest rate r=0.045, and n=1 and…

Q: I want to have $700,000 for retirement in 20 years. my account earns a 9% interest. How much do I…

A:

Q: rest rate of

A: Given, Ms. Drake invests $1000 at a simple interest rate of 8.5% for 2 years. The interest during…

Q: You invest $4000 in an account that pays simple interest of 4​% for 10 years. The amount of money​…

A: We will use basic knowledge of simple interest formula and knowledge of basic arithmetic to solve…

Q: Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest…

A: Given that Amount of money Laura invested = $2000 Compound Interest rate = 6.4%  To calculate the…

Q: A bank offers a CD that pays a simple interest rate of 4.5​%. How much must you put in this CD now…

A: Use simple interest formul

Q: Q4. What should be annual interest rate of an account that is compounded quarterly which returns…

A:

Q: Graduation is in 5 years and you want to have $850 available for a trip. If your bank is offering a…

A:

Q: Maya has savings of $50,000. She invests in a bond mutual fund that pays 4% interest each year.…

A: Given that  Maya investing her savings $50,000 in a bond mutual fund. Interest per annum = 4% = 0.04…

Q: Your local bank has a saving account that pays interest of 8% semiannually. You place 2600 in the…

A: We will find out the required value.

Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

A:

Q: Karen deposits $800 into an account that pays simple interest of a rate of 2% per year. How much…

A: Given information:Karen deposits $800 into an account that pays simple interest of a rate of 2% per…