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Math Interest Rates
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. A. how much does she have in her account at the end of 3 years? B. at what annual simple interest rate did the account
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i put 4000.00 in savings. at end of 3 years the account earned 960.00 in simple interest at what simple interest rate did the account grow? please show me the work.
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if the simple interest on $2000 for 8 years is $960, then what is the interest rate?
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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
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Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. A. how much does she have in her account at the end of 3 years? B. at what annual simple interest rate did the account
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For a given interest rate, simple interest varies jointly as the principal and time. If $2000 left in an account for 6 years earned interest of $960, then how much interest would be earned in 7 years?
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Deborah deposits $200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4 months? a) Present Value with simple interest b) Future Value with simple interest c) Future Value with
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Assume a 30 month CD purchased for 2000 pay simple interest at an annual rate of 5.5%. How much total interest does it turn what is the balance at maturity. They want to know the total interest and the balance at maturity and they
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The formula for a simple interest rate is I = PRT and Total Balance = P + I The formula for compound interest is B = P × (1 + 〖r/n)〗^nt Adam invests £55,000 at interest rate of 4% per annum
asked by Jean on December 19, 2017