What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

find the balance of the account

Katie invested a total of $5,000.00, part at 3% simple interest and part at 4% simple interest. At the end of 1 year, the investments had earned $171.00 interest. How much was invested at each rate...

can u answer this question for me please

Yolanda made a $3, 000 payment on September 15. How much does she owe the bank on the date of maturity?

how do I find: how much will be earned at maturity? and the effective interest rate?

Simple interest

Simple Interest

Simple Interest

Simple Interest word problems.

Mari made her last car payment. The life of the loan is 36 months. The bank financed $15,000 at 6.71%. How much did she actually pay for the car after her last payment?

It is a simple interest problem

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

The problems are laid out like this. How do I set this up to solve? Alice has a total of $2700.00 saved between two bank accounts. One account has a 7% interest rate and the other has an 12% interest...

what is the interest?

Find Simple Interest

er accounts if she earned a total of $405 interest after 1 year. We have been doing simple interest for a while but nothing like this, please help!

I just need to find the answer that's all

Two years after opening an account that paid simple interest of 6.15% annually, a depositor withdrew the $1,722 in interest earned. How much money was left in the account?

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...