Simple Interest on the Declining Balance: You borrow $2,000 for car repairs. The interest rate is 5% and you will make two equal payments over a year (for example, half in January, and half in Ju...

Simple Interest on the Declining Balance: You borrow $2,000 for car repairs. The interest rate is 5% and you will make two equal payments over a year (for example, half in January, and half in Ju...

$5000 is divided between two accounts; one account pays 5% interest, while the other pays 8% interest. At the end of the interest period (1 year) , the total interest earned was $90. How much was...

Determine the simple interest.? (Assume 360 days in a? year.) p=$445, r=0.045% per day, t=6 months

I dont know how to solve the probelm.

i never really got this concept, so can someone explain how its being done too? thx

Mr. Carrington earned $360.00 of simple interest off of $2000.00. If the interest rate was 8%, what was the time in weeks it took for her to acquire the interest? And what would be the...

The student will pay back $ nothing in 9 months.

Last year, Sung had $20,000 to invest. He invested some of it in an account that paid 10% simple interest per year, and he invested the rest in an account that paid 6% simple...

You have $10,000 that you invested in two mutual funds last year. The first fund, the International Fund, paid the equivalent of 5.2% simple interest. The second fund, the Real Estate fund, paid 2...

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...

Rita invested $10,000.00 in a mutual fund that pays interest on a daily basis. The balance in her account at the end of the 8 months (245 days) was $10,475.25. Find the effective rate ar...

I need this as soon as possible for a maths take home task due tomorrow. Answered replied within next half hour would be appreciated!

Simple Interest rate question

At end of 10 months, the balance of an account earning annual simple interest is $2100. If at the end of 18 months the balance is $2180. How much money was originally in the account? What is the percentage...

This is about Simple interest.

Jimmy Jim invests $116 in a bank account at 6%. How many months (round up) does he need to leave his money in to buy a $134 blackberry playbook?

nico is saving money for his college education. He invests some money at 8%, and $1400 less than thamount at 6%. The investments produced a total of $210 interest in 1 yr. how much did he invest at...

an actor invests some money at 7%, and $38000 more than three times the amount at 11%. The total annual interest earned from the investment is $58980. How much did he invest at each amount? ...

please show me step by step on how to do it.

simple interest

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