122 Answered Questions for the topic Simple Interest

Simple Interest

10/14/15

#### Jimmy Jim invests $116 in a bank account at 6%. How many months (round up) does he need to leave his money in to buy a $134 blackberry playbook?

Jimmy Jim invests $116 in a bank account at 6%. How many months (round up) does he need to leave his money in to buy a $134 blackberry playbook?

Simple Interest

10/14/15

#### If an investment of $14343 made on August 16th, 2007 had a maturity value of $15580 on November 22nd, 2008, what was the rate of simple interest? Enter your an

If an investment of $14343 made on August 16th, 2007 had a maturity value of $15580 on November 22nd, 2008, what was the rate of simple interest?Enter your answer as a percent, not as a decimal....
more

10/07/15

#### Math problem on bank interest

Mr. Jones borrowed $3,680 from Scotiabank for 6 months at 8.75% per annum. Find:(a) The sum of money Mr. Jones had to pay the bank as simple interest.(b) The total amount of money repaid to the...
more

Simple Interest

09/05/15

#### simple interest

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

Simple Interest Compound Interest

07/29/15

#### simple interest and compound interest

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?

Simple Interest

07/05/15

#### determine simple interest. The rate is an annual rate with 360 days in a year. p=$2622.52 r= 13.45% t= 287 days

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

07/01/15

#### "A person borrows some money for 5 years and loan amount : total interest amount = 5:2. The ratio loan amount: interest rate is???

simple interest question

Simple Interest

05/06/15

#### How much money should Carol invest in a savings account earning 5% simple interest in order to have 2500 in 2 years?

Calculate how much Carol should invest in a savings account earning 5% simple interest in order to have 2500 in 2 years

Simple Interest Money

04/25/15

#### Simple Interest

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...
more

Simple Interest

04/16/15

#### luck borrows $12,000 from the bank and pays $5,040 interrest in 7 years. What simple interest rate is luck paying on his loan?

What is going to be the simple interest rate of luck.

Simple Interest

04/05/15

#### 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?

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?

03/07/15

#### 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 int

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...
more

Simple Interest Finance

10/09/14

#### invests some money at 6%, and $2100 less than that amount at 5%. The investments produced a total of $214 interest in 1 year.

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 ?

Simple Interest

09/30/14

#### Simple interest

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 ?

Simple Interest

06/27/14

#### Annual simple interest

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?

Simple Interest

03/22/14

#### $760 at 5% for 4 years how do you solve this answer

I've tries multiplying then multipling the days time years but come up with wrong answer

Simple Interest

02/23/14

#### simple interest

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 of 144...
more

Simple Interest

02/11/14

#### I need help...

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.

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...
more

Simple Interest

04/02/13

#### You invest $5,000 in an account simple interest. The balance after 6 years is $6,200. What is the interest rate?

i understand how to do simple interest i just don't understand this question. how are you soppused to find the interest rate?

Simple Interest

02/12/13

#### Angie borrowed $400 from her parents at 6.5% simple interest for 3 years. What is the total amount Angie must repay?

I dont get interrest questions

## Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.

Most questions answered within 4 hours.

#### OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.