122 Answered Questions for the topic Simple Interest

Simple Interest

06/22/20

#### calculate the simple interest earned round to nearest cent

p=$8200, r= 6%, t =year

#### Your electric bill is $136. You are charged 14% simple interest for late payments. How much do you owe if you pay the bill 1 month past the due date? (Round your answer to two decimal places.)

When I was given this problem, my answer was 155.04 but it told me the answer is wrong. . . how?

#### Use the formula A = P(1 + rt) to calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.) P = $2400, r = 9.2%, t = 3 months

I got this answer wrong when I written the answer as 3,125.21. Did I do something wrong here?

#### Calculate the simple interest earned. Round to the nearest cent( P = $4000, r = 9.6%, t = 23 days)

Its telling me that the answer is wrong. The problem they give me is P = $4000, r = 9.6%, t = 23 days

Simple Interest

02/20/20

#### Please help this is due tomorrow

What simple interest rate would be required to grow an account to $6800 in 5 years, if the initial deposit was $6000

#### 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...
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Simple Interest Prealgebra

11/05/19

#### Nancy invested a sum of money at 6%. She invested a second sum, $500 more than the first, at 8%. The total simple interest earned for the year was $180. How much did Nancy invest at each rate?

#### simple interest

Suppose you bought a two-year CD for $30,000 from First Command Bank. Use the APY from the First Command Bank table to determine how much interest it earns for you at maturity.

Simple Interest Algebra 2

07/20/19

#### Erik Borrows a total of $6000 in two separate loans for one-year period. ..................

Erik Borrows a total of $6000 in two separate loans for one-year period. At the end of one year, he pays back the entire amount of each loan plus simple annual interest at the rate of 4 percent for...
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Simple Interest Algebra 1

06/13/19

#### How to find the simple interest?

Principal=640 , Rate=8% Time in years=5 one half

Simple Interest Algebra 1

05/04/19

#### sam places 3850 in a bank account that pays 1.3% simple interest per year and how much interest will she earn in 6 years

#### 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

Simple Interest Algebra 1

04/24/19

#### You put $1200 in an account that earns 3% simple interest. Find the total amount in the account after four years.

#### Last year, Juan had $30,000 to invest. He invested some of it in an account that paid 9% simple interest per year

Last year, Juan had $30,000 to invest. He invested some of it in an account that paid 9% simple interest per year, and he invested the rest in an account that paid 8% simple interest per year....
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Simple Interest

01/22/19

#### 200=800(x)(24) calculated

an $800 deposit for 24 months earned a $200 interest. what is the simple interest rate?

Simple Interest Loan

12/07/18

#### Find the amount paid for the loan

Help! “$2000 at 12% for three years, find the amount paid for the loan” I don’t get it.

Simple Interest

10/29/18

#### What was the interest-rate if your balance on an investment of $157 at the end of six years is $1268.36

Simple Interest

10/29/18

#### How long must $542 be invested at a rate of 7% to earn $303.52 in interest

Simple Interest

10/07/18

#### what is the ordinary and exact interest on $ 10,800.00 for 5 days at 8% simple inerest?

what is the ordinary and exact interest on $ 10,800.00 for 5 days at 8% simple inerest?

Simple Interest

09/29/18

#### Last year, Taz invested a total of $7500 in two accounts earning simple interest. Some of it he invested at 9.5% and the rest he invested at 6.5%. How much did

Last year, Taz invested a total of $7500 in two accounts earning simple interest. Some of it he invested at 9.5% and the rest he invested at 6.5%. How much did he invest in each account if he...
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Simple Interest

09/28/18

#### Simple Interest ASAP PLEASE

A loan payment of $1000.00 was due 40 days ago and another payment of $800.00 is due 70 days from now. What single payment 100 days from now will pay off the two obligations if interest is to be 6%...
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Simple Interest

09/27/18

#### Will invest $4500 for 6 year insurance policy that pays simple interest at the end of 6 years hew balance was $5580 what was the annual interest rate?

This is a simple interest problem

09/27/18

#### Simple Interest

How much do you need to invest in order to earn $10000 if you have been offered 3% for 2 years?

Simple Interest

08/16/18

#### Stefan wants to buy a stereo system that sells for $459.95 including taxes.

Which plan should he choose to pay the least amount of money if he makes a down payment of $100 today?
Plan A: financing the remaining amount at 8% per year, simple interest, for two...
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Simple Interest

07/13/18

#### After how many years will a $2400 sapphire ring be worth at least $8000 if it increases in value by 10.5% p.a.

I don't know the formula for this question and need help working it out and need help understanding the question.

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