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...

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...

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.

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.

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.