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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
Simple Interest Calculus Calc

05/15/20

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?
Simple Interest Calculus Decimal

05/15/20

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?
Simple Interest Calculus Rounding

05/15/20

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
Simple Interest Math Algebra

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
Simple Interest Math Finance

10/17/19

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... more
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 Algebra 2

01/24/19

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.... more
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

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... more
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%... more
Simple Interest Word Problem Mathematics

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... more
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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