123 Answered Questions for the topic Simple Interest

Simple Interest

10/14/15

What is the simple interest 750 at 3% a year

What is the simple interest of 750 at 3% a year  
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

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?
Simple Interest Business Finance

08/30/13

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 Math Help

04/02/13

what is the 5.8 percent tax on $25.40

please help soon!
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

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