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I know the formula and I understand how to do it but I just cant get this question right. The question "You have agreed to borrow $50 dollars and after six months pay back $58. How much...

$600 at 5% for 2 years

This is question of simple interest.

If $9,000.00 is invested at 14% annual simple interest, how long does it take to be worth $29,160.00. It will take years (round to the nearest whole)...

If $9,000.00 is invested at 14% annual simple interest, how long does it take to be worth $29,160.00. It will take years (round to the nearest whole).

Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

use simple interest to find the ending balance $10,000 at15% for 3 years

Juanita has $27000 to invest in two accounts that pay simple interest on annual basis. One account pays 2% in simple interest and the other pays 6% simple interest. How much would she invest in each...

What is the interest on a 430 day loan of 9817 at 6.75% using bankers rule?

You only pay $.29 a day for each $500 you borrowed . You borrowed $2607 for 192 days

I have tried to solve using simple interest and partial payments but I am confused. Please help and explain

Find the simple interest owed if $430 is borrowed at 5.9% for 9 years.

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...

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.