Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Math
How much money must be invested at 6.3%/a simple interest to earn $250 in interest each month?
1 answer
just calculate the interest on $x --
(.063/12)x = 250
Now just find x.
You can
ask a new question
or
answer this question
.
Similar Questions
How much money must be invested at 6.3%/a simple interest to earn $250 in interest each month
Top answer:
.063x = 250 solve for x
Read more.
How much money must be invested at 6.3 % simple interest to earn $250 in interest each month?
Top answer:
0.083 = 1/12 = 1 month I think I made a mistake though. This method will give a more accurate
Read more.
Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or
Top answer:
D Compound interest earns more because the amount on which interest is paid increases over time.
Read more.
Linda has $9000 to invest. She invested x dollars in an account that earned 3% simple interest and the remainder of the money in
Top answer:
If x is at 3%, the remainder (9000-x) is at 2.6%. So, add up the interest: .03x +.026(9000-x) = 250
Read more.
Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be
Top answer:
$5500. Set up the equations like this (11,000*.12)+(x*.15)=(11,000+x).13 1320+ .15x=1430+ .13x
Read more.
Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much
Top answer:
Each year she gets 3.5% or 0.035 time the amount invested. So, after 3 years, that's 4500 * 0.035 *
Read more.
Martha invested a principal amount of $15,000 into a savings account that earns simple interest at a rate of 4.5% per year. How
Top answer:
First, we need to calculate the annual interest that Martha will earn: Annual interest = Principal
Read more.
Compare the future amounts (A) you would have if the money were invested at simple interest and if it were invested with annual
Top answer:
a. A = Po + Po*rt. A = 4000 + 4000*0.12*30 = $18,400. b. A = Po(1+r))^30 A = 4000(1,12)^30 =
Read more.
Compare the future amounts (A) you would have if the money were invested at simple interest and if it were invested with annual
Top answer:
(a) To calculate the future amount if the money were invested at simple interest, we can use the
Read more.
An investment of $3,000 is made at an annual simple interest of 5%. How much additional money must be invested at an annual
Top answer:
.05(3000) + .08x = .075(3000+x) 150 + .08x = 225 + .075x .005x = 75 x = 15,000 check: total invested
Read more.
Related Questions
A sum of $7260 is invested at 11 1/4 % simple interest for one year. The amount, in dollars, that must be invested at 7 1/2%
Maria has a total of $12,000 invested in two funds. The first fund pays simple interest at 6% per year and the other pays simple
A woman invested some money at 8% and some at 9% annual simple interest. The interest for 1 year on the combined investment of
A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the
an investment club placed $33,000 into two simple interest accounts. On one account, the annual simple intrest rate is 9.5%. On
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
Compare simple interest at 3% and compound interest at 2% with interest being compounded monthly when $750 is invested for 1
Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the
Katie invested a total of $6000
, part at 3 % simple interest and part at 4 % simple interest. At the end of 1
(7.RP.3) When invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year. How much money