Respond to this Question
Similar Questions

lehman
Investment A clothing company borrows $700,000. Some of the money is borrowed at 8%, some at 9%, and some at 10% simple annual interest. How much is borrowed at each rate when the total annual interest is $60,500 and the amount
asked by bibi on June 13, 2014 
Precalculus
A museum borrows $2,000,000 at simple annual interest to purchase new exhibits. Let x represent the amount borrowed at 7%, y represent the amount borrowed at 8.5%, and z represent the amount borrowed at 9.5%. Set up a system of
asked by bob on January 30, 2018 
Math
the principle B is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money,. Assume there are 360 days in a year and round to the nearest cent. P=$4000, r=6.0%and t=6
asked by Theresa on July 16, 2011 
Maths
Solve the problem. Assume that simple interest is being calculated. Round your answer to the nearest cent. Susie borrowed $7500. from a bank for 18 months with interest of 5% per year. Find the total amount she repaid on the due
asked by Matt on February 28, 2008 
math 1324
a natural history museum borrowed $2,000,000 at simple annual interest to purchase new exhibits. Some of the money was borowed at 7%, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much was
asked by Anonymous on May 3, 2016

algebra
an individual has two low interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is
asked by Ty on June 27, 2011 
Algebra II
Zach borrowed $50,000 to buy a car, put a down payment on a house, and pay for student loans. Some of the money was borrowed at 5%, some at 6% and some at 7%. How much was borrowed at each rate if the annual interest owed was
asked by Austin on October 7, 2018 
Math
Find the finance charge (interest) due on a 9month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I
asked by Gregg on September 18, 2011 
math
gail borrowed $3600 from a bank to buy a washing machine she pays back the loan in 24 monthly instalments at a simple interest rate of 2% a)calculate the simple interest on the loan b)the total amount to be repaid c)if gail repays
asked by John on May 31, 2014 
Business Math icom 1
Find the ordinary interest in a loan of Rs.2600 at 10 % simple interest from January 5 to February 10.? Find the present value of Rs.3600 due in 4 months at 6% interest p.a.? At what annual rate percent of interest would Rs.12500
asked by Mian g on March 24, 2016 
algebra interest word problem
Steve Marino borrowed $500 from his credit union for 2 years. The simple that he paid was $52.90. What simple interest rate was Jeff charged?
asked by Jordan on March 9, 2009