160 days after borrowing money, Ms. garcia pays an interest of P 370.00. How much did she borrow if the simple interest rate is 8 1/2?

24,013 results
  1. Math

    Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A percentage rate. d. All of the

  2. math

    Mr. Wilson invested money in two accounts. His total investment was $40,000. If one account pays 4% in interest and the other pays 8% in interest, how much does he have in each account if he earned a total of $2,720 in interest in 1 year?

  3. Math

    mr. and mrs. garcia have a total of 100000$ to be invested in stocks, bonds, and a money market account. the stocks have a rate of return of 12% per year, while the bonds and the money market account pays 8% per year and 4% per year, respectively. the

  4. algebra

    Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the interest on the two investments

  5. Math

    1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second birthday? My answer= $5,632.46

  6. Math

    a mother wants to invest 7000 for her son's future education.she invest in two account: a money market fund that pays 4% and a certificate of deposit that pays 7%. if the total interest earned after one year is $420, how much money was invested in each

  7. algebra

    suppose you invest a certain amount of money n an account that pays 11% interest annually, and 4000 more than that in an account that pays 12% annually, How much money do you have in each account id the total interest for a year is 940

  8. math

    You deposit $2200 in an account that pays 3% annual interest. After 15 years, you withdraw the money, what is the balance if the interest is compounded quarterly? so I figure you would get 2650.00 help please

  9. Math

    During the summer, you mow lawns for extra money. One customer pays you to mow the lawn every 6 days and another customer pays you to mow the lawn every 9 days. If you mow both lawns today, in how many days will uou mow both lawns again on the same day?

  10. math

    Suppose $500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of $200 in interest between the two accounts. How much was invested into the bank account that pays 10%

  11. Math

    A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has $1,500 more invested at 15% than she does at 7% and her total interest for a year is $1,545, how much does she have in each

  12. Algebra 1

    You have $6000 to invest in two stock funds. The first fund pays 5% annual interest and the second account pays 9% annual interest. If after a year you have made $380 in interest, how much money did you invest in each account?

  13. math

    Ronelio invests $29,000 in two one-year certificates of deposit. One certificate pays 4%, and the other pays 4.75% simple interest annually. (a) Construct a model for the total interest I(x) Ronelio earns in one year on his investments. (Let x represent

  14. math

    Sam opened a money-market account that pays 2% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $560 in interest. How long did he keep his account open?

  15. math

    You deposit $6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years?

  16. math

    a) Enter your desired amount of money you wish to receive each month while retired = $ 2000 b) Upon retirement (40 years from now) you want to receive "x dollars" (amount of money you choose in Part a) each month for a period of 28 years. This money

  17. math

    Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual simple interest rate of 11%. After 13 years, the interest earned on the account is $5720. How much money did Mike's grandmother

  18. algebra

    you deposit 8500 dollars in an account that pays you 3.5 % interest compounded continuously. How long will it take for the money to triple?

  19. pre-algebra

    You split $1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of $69.50 in interest. How much money did you invest in each account?

  20. Algebra

    Helen invested $14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4% ?

  21. math

    Anthony earns an allowance for doing work at home .the first day he earns $1. ,$2. for the next two days,$3.for the next three days and so on and so on.If Anthony keep earning money this way ,on what day will he earn $6.?(2)Anthony saves all the money he

  22. business math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  23. math

    . You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  24. math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  25. U.S/history AP

    1)--------practice in the south of borrowing the money necessary to plant a crop against that future crop.The money was loaned at excessively high interest rates and kept most white and black southerners in perpetual debt. my answer 1-crop-lien economy

  26. Math

    . Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will

  27. Math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  28. Math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  29. algebra

    Compound interest word problem. Suppose JJ has $1000 that he invests in an account that pays 3.5% interest compounded quarterly. How much money does JJ have at the end of 5 years? Formula: A= The amount of money earned after a certain length of time. P=

  30. finite math

    Carlos invested $6,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was $6,230.23. Find the effective rate at which Carlos's account earned interest over this period (assume a

  31. finance management

    If you deposit money into your account that pays 6.5% interest, how long will it take for you to double your money?

  32. math

    you deposit $2200 in an account that pays 3% annual interest. after 15 years, you withdraw the money. what is the balance if the interest is compounded continuously?

  33. math

    An algebra student has won $500,000 in a lottery and wishes to deposit it in savings accounts in two financial institutions. One account pays 11% simple interest, but deposits are insured only to $250,000. The second account pays 6.3% simple interest, and

  34. Business Math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  35. math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  36. contemporary math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  37. Math Economics

    1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will

  38. math

    Compound Interest Question James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? b)how much will he

  39. Math

    You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from the manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary

  40. Math 7th grade

    Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual simple interest rate of 8%. After 11 years, the interest earned on the account was $8,800. How much money did Mike's

  41. pre-algebra

    wyatt invests $6000 in two accounts, the first pays 10 percent simple interest, the second pays 11 percent simple interest. At the end of the year he has earned $640 in interest. How much is invested at each rate?

  42. math

    John, a graduating senior at Bowie High School, is opening a savings account and initially puts in the $1800 that he received in graduation money. He never adds anymore of his own money, and the bank pays an interest of 15% per year. If he never adss

  43. math

    the additional month of interest (note that the problem specifies 2% simple interest per month)? As a professional photographer, Marion has seen the trend away from film cameras as customers purchase low-end digital cameras and printers in order to avoid

  44. Business Math

    Exact interest method (365 days) and ordinary interest method (360 days) for $450 loan at 12.9% interest rate 220 days.

  45. pre algebra

    At the beginning of the year 2000, Bob put $100 in a savings account. The bank pays Bob 5% interest on his total savings at the end of each year including all interest added to the account. Assume the interest rate continues and Bob does not deposit any

  46. Math

    Find the future value of $800 deposited at 5% for 2 years if the account pays simple interest, and the account pays interest compounded annually

  47. math

    160 days after borrowing money, Ms. garcia pays an interest of P 370.00. How much did she borrow if the simple interest rate is 8 1/2?

  48. Civics

    For what reason might the United States government raise taxes instead of borrowing money to pay for a new government service? A. To avoid increasing the flow of money in the economy B. To avoid having to change the federal interest rate C. To demonstrate

  49. Problem Solving

    Johnny has two bank accounts. One pays 7% interest and the other pays 10% interest. A total of $25,000 invested in the two accounts. Last year he earned $2,200 in interest on two accounts. How much money does he have in each account? define variables and

  50. Math

    You deposit $6,700 in a money-market account that pays and annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years

  51. math

    You deposit $7,900 in a money-market account that pays an annual interest rate of 4.3%. The interest is compounded quarterly. How much money will you have after 3 years?

  52. Maths

    A finance company borrows money on which it pays interest at the rate of 14% pa. If it pays interest half yearly, find the return per half year on an investment of $1700 Please show working out thanks

  53. Maths

    Kate borrowed $19500 to buy a car. She paid the money back, plus interest in equal monthly repayments of $370 for the next 5 years How much did she pay in interest? Working out please :)

  54. math

    Alice took out a $15,000 loan for college. She is borrowing money from two banks. Bank A charges an interest rate of 6%, and Bank B charges an interest rate of 7%. After one year, Alice owes $960 in interest. How much money did she borrow from Bank A?

  55. Math

    A lends altogether Rs 6000 to B and C for two years.B pays Simple Interest @ 10%p.a. and C pays Compound Interest @8 %.If C pays Rs 50 more than B as the interest , how much did A lend to each of them?

  56. Accounting ASAP

    Forcasting Payments If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter? I following quarter? What is it's payment delay is 60 day. Assuming that this company opened its doors on Jan 1st (no

  57. Math Help!!!!!

    4) Jim has been offered a substantial cash discount if he pays an invoice 60 days earlier. One bank will loan him the needed money at 11% simple interest rate. A second bank will also loan him the money, but at bank discount rate. What is the maximum

  58. Financial management

    If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money? You can get a pretty good estimate by using the Rule of 72. Divvied 72 by 6.5 to obtain your answer. The formula depends on when

  59. marketing

    When a local bank in Kansas City makes loans to its small business customers, it charges them an interest rate for borrowing money. Interest rates are part of the ____________ environment. a. cultural and social b. economic c. legal d. political e.

  60. MATH

    1) During the two months of the summer holiday, you find a summer job that pays $160 per week with a $10 a week raise. How much money will be made by the end of the summer? 2 Your grandmother offers you $1 on the first day of March break and offers to

  61. math

    One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual

  62. Finance Accounting

    One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual

  63. Algebra Grade 7

    You invest $275.00 in a money-market account that pays simple interest at a rate of 10%. How long must you leave your investment in the money-market account if you expect to earn $27.50 in interest? A year? How do I work it?

  64. Fin Acct.

    if you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?

  65. Algebra

    an algebra student won $115,000 in a lottery and wishing to deposit it in savings accounts in two financial institutions. One account pays 7.9% simple interest but only insures $60,000. The second account pays 6.9% simple interest and deposits are insured

  66. Algebra

    Jon invested a total of $40,000 in 3 different bank accounts. One pays an annual interest rate of 3%, the second account pays 5% annual interest and the third account pays 6% annual interest. In one year, Jon earned a total of $1960 in interest from these

  67. math

    Bert is planning to open a savings account that earns 1.6% simple interest yearly. He wants to earn exactly $160 in interest after 2 years. How much money should he deposit?

  68. Math

    Upon retirement (40 years from now) you want to receive "4,000" (amount of money you choose in Part a) each month for a period of 28 years. This money resides in an account that pays 5.8% interest. How much money must be in the account to fulfill your

  69. Algebra

    An actor invested some money at 9% simple interest, and $30,000 more than four times the amount at 12%. The total annual interest earned from the investment was $38.370. How much did the actor invest at each amount? $____ at 9% $____ at 12%

  70. math

    how much money would have to be invested in an account at 3.98% annual interset to achieve a balance of 25,000 in 17 years if a. The account pays simple interest b. the account compound interest qrtly c. the account compounds interest continuously

  71. math

    Samantha opened a savings account and deposited some money into the account. The account pays an annual simple interest rate of 5%. After 9 years, the interest earned on the account was $1,800. How much money did Samantha deposit in the account?

  72. Calc

    A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of $1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually deposited into the

  73. Algebra

    Suppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays

  74. writing

    If I could get some help? I was wonderung if I had done this right.Write two paragraphs about how interest rates affect our purchasing decisions. Identify the topic sentence in each by underlining it. I have determined that the first two sentences in each

  75. Math

    A bond with a face value of $500,000 pays quarterly interest of 2% per each period. Twenty-six interest payments remain before the bond matures. How much would you be willing to pay for this bond today if the next interest payment is due now and you want

  76. Economics

    Is the federal budget deficit harmful to the U.S. economy? Should we consider a Constitutional Amendment to balance the federal budget? I think it is because to much money is going into things we don't need.Yes we should that way we could keep it all

  77. statistics

    Assume that you own a small factory. A critical piece of machinery in your factory will need to be replacedin 180 days. If the machinery does not show up on time, you will need to shut down until it arrives. This might cause you to permanately lose

  78. Algebra

    Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?

  79. Plz Hellp

    Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?

  80. math

    On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?

  81. Math

    On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?

  82. math

    On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?

  83. math

    On May 23, Samantha Best borrowed $4,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?

  84. Math

    Mr.Smith has just received 200 gallons of home heating oil.If he pays his bill within 10 days,the oil will cast $0.59 per gallon.If he pays after 10 days,he will pay $0.69 per gallon.What percent savings will Mr.Smith experience within 10 days.Assume that

  85. accounting

    Would you always invest in a fund that pays interest monthly over one that pays interest quarterly? What would influence your decision?

  86. math

    On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan? (round to the nearest hundredth) (Points : 2)

  87. college finance

    hey...last one please..please...the accelerating colection..please... Doria's Corporation makes sales of $2,160,000 per annum. The average age of accounts recievable is 30 days. Management considers shortening credit terms by 10 days. Cost of money is 18%

  88. simple interest

    Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays interest.

  89. math

    Suppose that a vegetable vendor pays 7% interest daily on a $10 loan. Then, suppose that this individual was able to save $0.50 per day by drinking less tea. Calculate the number of days it would take for the vendor to no longer need to borrow money in

  90. eco,

    Suppose that a vegetable vendor pays 7% interest daily on a $10 loan. Then, suppose that this individual was able to save $0.50 per day by drinking less tea. Calculate the number of days it would take for the vendor to no longer need to borrow money in

  91. economics

    Suppose that a vegetable vendor pays 7% interest daily on a $10 loan. Then, suppose that this individual was able to save $0.50 per day by drinking less tea. Calculate the number of days it would take for the vendor to no longer need to borrow money in

  92. math

    Suppose that a vegetable vendor pays 7% interest daily on a $10 loan. Then, suppose that this individual was able to save $0.50 per day by drinking less tea. Calculate the number of days it would take for the vendor to no longer need to borrow money in

  93. Math

    Upon retirement (in 40 years) you want to receive $10,000 each month for a period of 28 years. This money resides in an account that pays 5.9% interest. How much money must be in the account to fulfill your goal?

  94. math

    joshua won $250000 in a draw to support the local hospital. he does not need the money for 3 months, so he decides to invest it in an account that pays 8% simple interest annually. calculate the interest paid on joshua's investment at the end of the 3

  95. spanish

    how do you write senora garcia in english. Is it Mrs. Garcia?

  96. eco

    Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. $400. B. $1,600. C. $160. D. $85. 10. Suppose a loan customer is considering two alternative $22,000 loans. Loan 1 requires payment of

  97. pre cal

    The 1st year and 3rd year periods for these accounts are the lengths of time that you must keep the money in the account. (You pay a penalty if you take the money out before the term is up.) Why might an investor choose a Certificate deposit with a shorter

  98. 8th grade math - system of equations

    I'm not sure how to solve these. Solve using any method (substitution or elimination) 23. The sum of two numbers is 27. The larger number is three more than the smaller number. What are the two numbers? Ans: l = large; s = small l + s =27 and l = 3S 3s + s

  99. algebra

    An investor wants to receive $1,000 dollars annually from two investments. He has put $4,500 in money market account 4% annual simple interest. How much should he invest in a stock fund that pays 10% annual simple interest to achieve this goal?

  100. Economics

    Hypothetical Economy: -Money Supply= $200 billion -Quantity of money demanded for transactions=$150 Billion -Quantity of money demanded as an asset=$10 billion at 12% interest -increaseing by $10 billion for each 2 percentage point fall in the interest

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