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Mathematics
How much money would I need to invest for 8 years at 6 1/4% simple interest to earn k500?
1 answer
Use the same formula I showed you before
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suppose u invested some money at 8% simple interest for five years. if u received $500 in interest, how much money did u invest?
Top answer:
R750
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Patricia is investing money. She has $30,000.00 to invest for 25 years. She can choose either simple interest at 1.2% interest,
Top answer:
$30,000.00 to invest for 25 years. She can choose either simple interest at 1.2% interest, or
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How much money would i need to invest for 8 years at 6 1/4 per annum.simple interest to earn k500.00
Top answer:
$500.00?
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Rob has $1,000 to invest for 120 days and is considering two options.
Option 1: He can invest the money in a 120-day GIC paying
Top answer:
Ah, investment decisions can be quite confusing, can't they? But fret not, my friend! Your friendly
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suppose you want to invest $60,000 for ten years. You can invest your money in a CD that earns 4% interest, compounded quarterly
Top answer:
a. P = Po(1+r)^n Po = $60,000. r = (4%/4)/100% = 0.01 = Quarterly % rate expressed as a decimal. n =
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Suppose you got $5000 from family at your high school graduation. You decide to invest it for 30 years. If you invest it at 8%
Top answer:
I = PRT I = 5,000 * 30 * 0.08 I = 12,000 5,000 + 12,000 = ?
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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.
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how much money must Andrea invest for 2 years in an account that earns an annual simple interest rate of 8% if she wants to earn
Top answer:
I = Prt, so P(.08)(2) = 300
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How much money must Andrea invest for 2 years in an account that earns an annual simple interest rate of 8% if she wants to earn
Top answer:
I = PRT 500 = P * 0.08 * 2 500 = 0.16P 3,125 = P
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you invest $4000 in an account that pays simple interest of 6% for 30 years. calculate the amount of money you'll have at the
Top answer:
interest= 7200 7200 + 4000 = 11,200 11,200 will be your total
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