Answer is 25:2 I can calculate only 8% interest rate
Answer is 25:2 I can calculate only 8% interest rate
here is a word problem we have to find the time .
How can $56,000 be invested, part at 4% annual simple interest and the remainder at 10% annual simple interest, so that the interest earned by the two accounts is equal at the end of the year
A has lent some money to B at 6% p.a and C at 9% p.a ; at the end of the year he gained overall 7.6% p.a. what is amount lent to B and C?
determine simple interest rate is annual 360 days in a year p=2622.52 r=13.45% t= 287 Please explain how the answer is obtained for this question
simple interest question
Calculate how much Carol should invest in a savings account earning 5% simple interest in order to have 2500 in 2 years
A building society offers a rate of 11% per annum simple interest. Beth- Ann deposited $24,000 in the society for 15 months. (i) Calculate the amount of money due to her at the end of this...
What is going to be the simple interest rate of luck.
Rose Chavez loaned $1,000 to one of her employees for 90 days. If the employee's interest amount was $12.50, what was the ordinary simple interest rate?
Virpal is going shopping for some new makeup. If her makeup costs $50 plus 8.75% tax, how much will Virpal charge to her credit card? If the bank charges an interest rate of 12% per month for outstanding...
nico is saving money for college education. he invest some money at 6% and 2100$ less than that amount at 5% the invest of $214 interest in 1 year how much did he invest at each rate ?
On June 3rd 2014 Helen borrowed $1600 from a bank. The bank charged 14% simple interest, Helen paid her note off on sept 4th 2014, how much interest did she have to pay ?
If $2000 is invested at 10% simple natural interest, how much should be invested at 12% annual simple interest so that the total yearly income for both investments is $5000?
I've tries multiplying then multipling the days time years but come up with wrong answer
i need to make sure i set this up correct nico is saving money for his college education, he invest some money at 6% and 1300 less than that amount at 5% the investment produced a total...
How do I find the variable "P" if the interest rate is 6% the time is 3 years and the simple interest is $2952?
Micheal wants his $3,200 to grow to $4,500 in 3 years. He has a saving account paying simple interest on savings. What rate of interest would help him achieve his goal?I am confused as to what formula...
please help soon!
i understand how to do simple interest i just don't understand this question. how are you soppused to find the interest rate?