please show me step by step on how to do it.
please show me step by step on how to do it.
simple interest
$100 at 6% simple interest for 3 years
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?
1) The total amount in an account to the nearest cent if $750 is deposited at 8.2% per annum (simple interest) for 18 months is: 2) A tennis racquet has a marked price of $480. The...
don invested some money at 9% simple interest. At the end of the year, the total amount of the original principal and interest was $6540. How much did he invest?
don invested some money at 9% simple interest. At the end of the year, the total amount of the original principal and interest was $6540. How much did he invest?
I don't get the question I need help please help its homeowork
If an investment of $14199 made on August 16th, 2007 had a maturity value of $15820 on November 22nd, 2008, what was the rate of simple interest? Enter your answer as a percent, not as a...
Jimmy Jim invests $88 in a bank account at 6%. How many months (round up) does he need to leave his money in to buy a $132 blackberry playbook?
What is the simple interest of 750 at 3% a year
If an investment of $14343 made on August 16th, 2007 had a maturity value of $15580 on November 22nd, 2008, what was the rate of simple interest? Enter your answer as a percent, not as a...
Mr. Jones borrowed $3,680 from Scotiabank for 6 months at 8.75% per annum. Find: (a) The sum of money Mr. Jones had to pay the bank as simple interest. (b) The total amount of money repaid...
Ricky Bobby open a savings account, where the interest rate changes according to the portion of the principal. The account works as follows: For $0-1000, the interest rate is 1%. For the portion of...
Rocky and Adrien are selling their house. Offer #1 puts $8094 down and pays the lump sum $140010 in 3 months. Offer #2 puts $8094 down and pays the lump sum $178520 in 13 months. Assume their money...
Rocky and Adrien are selling their house. Offer #1 puts $8000 down and pays the lump sum $143282 in 4 months. Offer #2 puts $8000 down and pays the lump sum $153881 in 13 months. At what rate of interest...
Next summer you are planning a trip to Ibiza that will set you back roughly $3900. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th...
Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th...
If a particular investment will pay $600, 4 months from now, and an additional $500, 9 months from now, what is the largest amount that an investor should be willing to invest today, assuming money...
How can $56,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year