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Interest Calculations
Page 3
Questions (149)
Brian borrowed $400 for 1 year. His payments are $34.50 a month. If he decides to pay the loan off after 8 months, find the
2 answers
asked by
Leslie
474 views
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years.
How much (simple) interest will her
2 answers
asked by
Anonymous
509 views
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan,
3 answers
asked by
Anonymous
499 views
this guy invested $10,000, part at 3% and part at 4% simple interest for a period of 1 year. how much was invested into each
3 answers
asked by
sup
474 views
On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact
3 answers
asked by
d.j.
483 views
if Sam invested $10,000 at simple interest, some at 3% and some at 4% and paid $320 , what was the amount invested at each rate?
1 answer
asked by
Karen
464 views
How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate?
1 answer
asked by
Anonymous
444 views
Find the difference in the balance between simple interest at 5% and compound interest at 6% when $900 is invested for a period
3 answers
asked anonymously
159 views
Find the difference in financial gains when $3,200 is invested for 8 years with an interest rate of 4.5% for both simple
1 answer
asked anonymously
32 views
Two customers took out loans from a bank.
Jarrod took out a 5-year loan for $4,000 and paid 3.2% annual simple interest.
1 answer
asked by
...............................
20 views
Between simple interest at 8% and compound interest at 9%, find the higher resulting balance after investing $500 for a period
3 answers
asked by
???
20 views
Find the difference in balance between simple interest at 5% and composed interest at six percent when 900 is infested at a
1 answer
asked by
Dino cat
14 views
Aria is investing $6,700 of her savings from her summer job for her college fund. She is planning to invest the amount for 3
1 answer
asked anonymously
21 views
Determine the accrued interest and the final amount of a $10,000 investment with a 4.75% simple interest rate over a period of
1 answer
asked anonymously
260 views
Calculate the amount to be paid back after three years
on a $3,000 credit card loan with an interest rate of 15% compounded
1 answer
asked by
hello!
66 views
Find the difference in the balance between simple
interest at 5% and compound interest at 6% when $900 is invested for a period
3 answers
asked by
hello!
26 views
A loan of RM300 will become RM333.75 after a definite period. If the loan is charged a simple interest of 7.5% per annum, find
1 answer
asked anonymously
55 views
Find the number of days using Bankers Rule if RM990 was invested at 5% simple interest rate and received interest RM200.
a. 3.5
1 answer
asked by
Lita
24 views
match the numbers w the corecct question
Vocabulary Quiz Question 1 options: Calculates the total amount of money made on the
1 answer
asked by
malorie
28 views
Find the total amount to be paid back(that is,loan + interest) on these loans:
2000naira for 3weeks at 1naira in each 10naira per
1 answer
asked by
Adebiyi Iyanuoluwa
32 views
hloe deposits $2,000 in a money market account. The bank offers a simple interest rate of 1.2%. How much interest will she earn
1 answer
asked by
Ice bear
46 views
UZE bought a car on hire purchase the car costed R130 000 she paid deposit of 13000 and a monthly instalments R4600 per month
1 answer
asked by
Nelly
27 views
If you buy a car on credit the car costs R130 000 then u deposit it for R130 00 and pays monthly instalments of R4600 for two
1 answer
asked by
Nelly
25 views
If you buy a car on credit the car costs R130 000 then u deposit it for R130 00 and pays monthly instalments of R4600 for three
1 answer
asked by
Nelly
26 views
You are purchasing a car for $12,465.000 plus 5.65% sales tax.You make a 1,300.00 down payment, and have a 6.40%credit score.
1 answer
asked anonymously
25 views
Solve the interest and the new balance for the following scenarios:
1. $450 at 5.2% interest for 3 years 2. $250 at 3.75%
1 answer
asked by
b
13 views
You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one
1 answer
asked by
B
28 views
Jeremiah is going to take out a $6,000 loan to buy a new jet ski. The bank he is taking the loan out will charge him a 6%
1 answer
asked by
silent
21 views
Mark deposited $2000 in his savings account. The account earns an annual interest rate of 4%. How much interest will Mark earn
1 answer
asked by
b
17 views
you have two account choices to invest $10000 for 20 years. the first account accrued SIMPLE interest at a rate of 10%. The
1 answer
asked by
Alex G
11 views
Rick deposits $1,000 into an investment account which earn4% interest annually. Sally loans $1,000 to a friend, and the friend
1 answer
asked anonymously
16 views
Work through the next questions to find the interest rate on a loan of $85 loan for 9 months that earned $4.78.
1 answer
asked by
cesat
8 views
Lily has $76,917 in a savings account.The interest rate is 3% per year and is not compounded.How much will she have in total in
1 answer
asked by
b
15 views
Tamika has $2,000 she wants to save. She has two options:
She could save at a bank for 3 years with a fixed simple interest rate
1 answer
asked anonymously
32 views
Anna wants to invest her K3000 savings for three years. She has the choice of an account that pays 7.6% p.a. simple interest or
1 answer
asked by
Raven
15 views
What is the difference in the interest that would have accrued if all of the money from question #9 had only been in the savings
1 answer
asked anonymously
20 views
You are creating an emergency fund and decide to place $415.00/month in an account that earns a 3.75% APR. How much interest
1 answer
asked by
donal
11 views
Craig just purchased a new car. He financed $45,000 and must pay it back over 5 years with 11% interest.
Part A) How much will
1 answer
asked anonymously
17 views
Joe has taken out a time payment plan to buy a car for k5,640. He pays a deposit of k1,640 and 18 monthly payments of k300. Find
1 answer
asked anonymously
9 views
Joe has taken out a time payment plan to buy a stereo for 2500.He pays a deposit of 300 and the contract requires 18 monthly
5 answers
asked anonymously
15 views
Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual
1 answer
asked anonymously
13 views
How much interest does this student owe the university by 12 March 2017?
A R110.52 B R161.52 C R111.52 D R143.07
1 answer
asked by
hope
10 views
The economy of Ghana has suffered a considerable hair cut policy of 30% A pensioner who invested $85,000.00 in a bond was
1 answer
asked by
Blaq panta
11 views
On 1 June Helena buys a jacket, costing K148, using her credit card. Her credit card has a 25-day interest-free period and her
9 answers
asked anonymously
14 views
What is the number of interest earnings per annum, m /
Wat is die aantal rente verdienste per jaar, m A. ½ B. 1 C. 4 D. 2 E. 3
1 answer
asked anonymously
4 views
Naomi gets a $26,000 loan in order to purchase a new car. Her loan has an interest rate of 3.5% and she has decided she will pay
1 answer
asked by
silent
3 views
Beth put $8,000 in a savings account. At the end of a year the account had earned $720 in interest. What was the yearly interest
1 answer
asked by
Sup jugalo's
5 views
you owe 848.42 on a credit card at a 12.75% apr the mininum
if you paid the 50 at the beginning of the month to decrease the
1 answer
asked by
Kshultz32
8 views
If the price of the TV screen is K500 and firm advertise the TV screen at K50 quarterly payments for eight months. What is the
1 answer
asked by
Kulame
5 views
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