Newest Interest Questions | Wyzant Ask An Expert

02/05/22

A tractor is purchased for $80 000 and depreciates by $5000 each year.

a) Use the straight-line depreciation method to find the value of the tractor after 5 years.b) When will the tractor be worth half its purchase price?

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Interest Math Algebra 1 Algebra 2

02/05/22

Audrey earned $1125 from an investment of $6000 over 5 years. What was the annual simple interest rate applied to this investment?

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Interest Business Accounting Finance

11/25/21

FINDING THE MISSING VALUE OF SIMPLE INTEREST

1 . GIVEN:Principal = 25,000 dollarsRate = ?Time = 4 years and 5 monthsInterest = ?Maturity Value = 19,000 dollars2 . GIVENPrincipal = 50,000 dollarsRate = 0.005%Time = ?Interest = 2750Maturity... more

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Interest Math Algebra 1 Algebra 2

01/16/21

Sam borrows $28 000 to buy a new car at a flat interest rate of 9% per annum over 3 years.

How much will sam need to budget per week to cover the cost of the loan repayments?

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Interest Math Algebra 1 Algebra 2

01/14/21

Audrey earned $1125 from an investment of $6000 over 5 years.

What was the annual simple interest rate applied to this investment?

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Interest Math Algebra 1 Algebra 2

01/14/21

Calculate the simple interest earned on an investment of

Of $25 000 at 8.5% per annum for 2 years

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Interest Math Algebra 1 Algebra 2

01/14/21

The local hardware store has a discount sale. Articles are offered for sale at 25% off the recommended retail price.

Employees can also claim a further 10% price reduction on the sale price of all goods. During this sale an employee buys an article with a recommended retail price of $200.-what price will the... more

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Interest Pre Calculus Compounded Pre Calc

12/14/20

Pre calculus compounding interest questions

You have received a large inheritance your goal is to double it. How long will it have to remain on each of the following investments to reach your goala) compounded monthly at an APR of 18.55%b)... more

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Interest Finance Algebra Word Problem

10/21/20

A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How much was invested into each account if the total interest for the year was $327.50.

A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How muchwas invested into each account if the total interest for the year was $327.50.

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Interest Math Business

05/12/20

How long will it take for 360,000 to quintuple at 12% annually?

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Interest Math Finance Payments

05/09/20

You want to buy a $168,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 7% annual interest compounded monthly for the rest.

a) How much is the loan amount going to be?b) What will your monthly payments be?c) How much total interest do you pay?d) Suppose you want to pay off the loan in 15 years rather than 30. What will... more

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Interest Algebra 2

04/07/20

How long do they need to wait before being able to pay for the trip?

Kenji and Carmen Deposit $800 into a savings account which earns 1% interest compounded continuously. They want to use the money in the account to go on a trip that costs $1300. How long will they... more

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Interest Algebra 1 Algebra 2 Prealgebra

03/31/20

Theodore invests a total of $10,500 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 9% loss in the same time period.

Theodore invests a total of $10,500 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 9% loss in the same time period. At the... more

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Interest Math Algebra Word Problem

12/02/19

Need help with this problem

Samantha invests a total of $28,500 in two accounts. The first account earned a rate of return of 11% (after one year). However, the second account suffered a 10% LOSS in the same time period. At... more

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Interest Math Statistics Algebra

11/23/19

I had a 10 question practice worksheet before a test, and I am completely stumped on these last two questions. Please help?

1) Jennifer wants to invest some money now to buy a new tractor in the future. If she wants to have 350,000 available in 4 years, how much does she need to invest now in a CD paying 4.25%... more

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Interest Calculus Compound Interest Exponential

10/13/19

If you invest $1,000,000 at 6% compounded continuously, how much interest is earned in 1 hour?

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Interest Math Calculus Compound Interest

10/11/19

How long will it take $10,000 to compound continuously to $30,000 at 7% interest?

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Interest Math Prealgebra College Algebra

09/20/19

a certain forest covers an area of 4500 km^2. suppose that each year this area decreases by 8.75%. what will it be after 10 years?

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Interest Math Compounding Clep

08/01/19

Compound Interest

Michael wishes to give his son a savings bond that will mature in 8 years. He would like the value of the savings bond to be $5,000 at maturity. If he can invest in a bond that has an annual... more

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Interest Math Precalculus Algebra

07/13/19

How to determine interest and payment sizes?

Jennifer borrowed $3000 from the bank in order to buy a new jacuzzi. She will pay it off by equal payments at the end of each week for 4 years. The annual interest rate is 8.05%. Determine the... more

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Interest Finance Annuity

07/13/19

Interest and Annuity

A man starts working a day after he celebrates his 23rd birthday. He wants to have a fund that could, from the date of his retirement at age 58, give him a benefit payment of $6000 at the end of... more

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Interest Math Finance Topics In Mathematics

05/17/19

Determine the periodic deposit and how much of the financial goal comes from deposits and how much comes from interests

periodic deposit: $? At the end of every 3 months4.5% compound quarterly Time: 6 yearsFinancial goal: $15,000

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Interest Algebra 2 Simple Interest

04/30/19

Miley borrowed a certain amount of money at an annual simple interest rate of 3.7%. If she returned $5013 after 238 weeks, how much interest did she pay?

Please include work if possible

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Interest College Algebra Rate Interest Rate

04/04/19

Interest rate problem

What interest rate compound monthly will yield an effective interest rate of 8%?

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Interest Finance

03/09/19

Find current balance for Jeff’s savings account if he had a balance of $396.80, made three deposits of $15, withdrew $125, and earned $1.04 interest

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Interest

A tractor is purchased for $80 000 and depreciates by $5000 each year.

Audrey earned $1125 from an investment of $6000 over 5 years. What was the annual simple interest rate applied to this investment?

FINDING THE MISSING VALUE OF SIMPLE INTEREST

Sam borrows $28 000 to buy a new car at a flat interest rate of 9% per annum over 3 years.

Audrey earned $1125 from an investment of $6000 over 5 years.

Calculate the simple interest earned on an investment of

The local hardware store has a discount sale. Articles are offered for sale at 25% off the recommended retail price.

Pre calculus compounding interest questions

A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How much was invested into each account if the total interest for the year was $327.50.

How long will it take for 360,000 to quintuple at 12% annually?

You want to buy a $168,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 7% annual interest compounded monthly for the rest.

How long do they need to wait before being able to pay for the trip?

Theodore invests a total of $10,500 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 9% loss in the same time period.