I'm confused on how simple interest works and I need some explanation on how to solve this problem.

I'm confused on how simple interest works and I need some explanation on how to solve this problem.

Please explain how I work out this problem and what is the formula?: Merchant banks offer simple interest on all investments. Merchant bank A had an investor invest $10000 for 5 years. Merchant...

Luis loaned $3,000 to Jasmine at a simple interest rate of 4.91% p.a for 2 years and 7 months. Calculate the amount of interest charged at the end of the term

Joshua received a loan at 5% p.a. simple interest for 10 months. If he was charged an interest of $254.17 at the end of the period, what was the principal amount of the loan?

Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 290 days was $32,160.67 A). Calculate...

michelle borrows $6000 in loans from two lenders. one charges 3.2% simple interest and the other charges 6.2% simple interest. at the end of 4yr, she will owe $888. how much did she borrow from each...

Ronald loaned $3,000 to Diana at a simple interest rate of 4.91% p.a for 2 years and 7 months. Calculate the amount of interest charged at the end of the term.

Debt payments of $1,150 and $2,000 are due in five months and nine months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 5.20% p...

An investor earned $1,687.50 on an investment of $90,000 in 75 days. Find the annual simple interest rate earned on the investment.

Answer my question plz explain steps

Elaine loans her brother $150 and he pays her back $160 thirty days later. Find the simple interest rate.

I need it with answer and steps withe formulla

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

after three months the interest is calculate, how much simple interest does your money earn

find the balance of the account

Katie invested a total of $5,000.00, part at 3% simple interest and part at 4% simple interest. At the end of 1 year, the investments had earned $171.00 interest. How much was invested at each rate...

600 (.8)1

can u answer this question for me please

Yolanda made a $3, 000 payment on September 15. How much does she owe the bank on the date of maturity?

Simple interest