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...

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...

I dont know how to solve the probelm.

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

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

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

This is about Simple interest.

simple interest

$100 at 6% simple interest for 3 years

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?

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?

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