Mr Bashir bought a mobile phone and paid Rs.1000 down payment and agree to pay Rs.7000 in 6 months . If rate of interest is 6% .what was the cash price of mobile?

Mr Bashir bought a mobile phone and paid Rs.1000 down payment and agree to pay Rs.7000 in 6 months . If rate of interest is 6% .what was the cash price of mobile?

$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...

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

Harry's credit card company determines his minumum monthly payment by adding all new interest of 2.5% of the outstanding principal. The credit card company charges an interest rate of 0.03164% per...

Evelyn's credit card company determines her minimum monthly payment by adding all new interest to 2% of the outstanding principal. The credit card company charges an interest rate of 0.04238%...

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

Using Banker's Rules

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

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...

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?

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...