Search 79,331 tutors
FIND TUTORS
Ask a question

Ask questions and get free answers from expert tutors

Interest Answers

Most Active Answered Newest Most Votes

1. On August 5, Lacey Jewelry Store purchased $5,000 of jewelry from their supplier with terms of 2/10, n/45. Lacey did not have sufficient cash on August 15 to take advantage of the cash discount,...

Peter deposited a sum of money in SouthEast Bank. The money grew to $1300 in 8 months. SouthEast Bank pays simple interest at the rate of 6% per year. How much did Peter deposit? For this...

Rita contributed $7000 per year from her salary to a 401(k) plan when she was between the ages of 22 and 28. Her employer matched it 50% on her behalf. The interest rate is 8.6% compounded annually...

Lucy contributed $5000 per year from her salary to a 401(k) plan and her employer matched it dollar for dollar. The interest rate is 7.5% compounded annually. After 15 years of working...

How many days will it take for a sum of $1900 to earn $32 interest if it is deposited in a bank paying simple interest at the rate of 8% per year? (Use a 365-day year). For this purpose only...

1 2 3 4 5

Interest Answers RSS feed