Math
 👍 0
 👎 0
 👁 189

 👍 0
 👎 0
Respond to this Question
Similar Questions

math
Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 1/12 of the annual interest rate. You maintain an average balance of $780 on your credit card, which

Math
Larry Mitchell invested part of his $27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $720â€‹, find the amount invested at each rate

Algebra
Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new

Math
Asher cashed in a oneyear term deposit after only five months had elapsed. In order to do so, he accepted an interest rate penalty—a reduction from the scheduled 5.5% rate of simple interest. If he was paid $145.83 interest on

math
Suppose you borrow $1,000 of principal that must be repaid at the end of two years, along with interest of 5 percent a year. If the annual inflation rate turns out to be 10 percent, (a) What is the real rate of interest on the

Finance
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the

Algebra II math high school
To get the necessary funds for a planned expansion, a small company took out three loans totaling $25,000. The company was able to borrow some money at 8%. It borrowed $2000 more than half the amount of the 8% loan at 10% and the

math
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original investment, and r is the fixed rate of interest. If the amount of interest earned is $2.25 and the

Dont I need more info for this Math problem??
You borrow $2,000 at a rate of 3% for a period of 4 years. How much will you repay at the end of 4 years? This is a 7th grade math question and I feel like it's a trick question. I am thinking that I should use the simple

7th grade math
Can you check these simple interest problems? 1. If you borrow $421 for nine years at an interest rate of 4%, how much interest will you pay? Ans: I = prt I = $421*.04*9 I = $151.56 2. If the balance at the end of 8 years on an

math
If you borrow $15,000 from your dad for college and you agree to pay him $25,000 back at 8% compound interest per year. How many years do you think you have to do this? In other words, given the amounts and the interest rate, what

Maths
Hamish borrowed $5000 for 3 years. He paid $1650 simple interest. What was the rate of interest per annum?
You can view more similar questions or ask a new question.