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Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?

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  1. Math

    Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?
  2. Mathematics

    Mary deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 2 years?
  3. math

    Lisa deposits $3000 in an account that pays 2% simple interest, and $4000 in a second account which has a higher interest rate but is more risky. What minimum interest rate must she get on the second account in order to earn at least $700 in interest for
  4. Math

    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 compound interest d) Simple
  5. mathematics

    Amanda deposits $10,000 into an account that pays 3% interest per year, compounded annually. Sam deposits $10,000 into an account that also pays 3% per year. But it is simple interest. Find the interest Amanda and Sam earn during each of the first three
  6. College alerbra

    Scott invested a total of $9500 at two separate banks. One bank pays simple interest of 11% per year while the other pays simple interest at a rate of 9% per year. If Scott earned $973.00 in interest during a single year, how much did he deposit in each
  7. Math

    Deandre deposits into an account that pays simple interest at a rate of per year. How much interest will he be paid in the first years?
  8. algerbra

    Donna deposits into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 6 years?
  9. MATH

    Carmen deposits into an account that pays simple interest at a rate of per year. How much interest will she be paid in the first years?
  10. Mathematics

    Tom deposits $800 into an account that pays simple interest at a rate of 2℅ per year. How much interest will he be paid in the first 2 years
  11. Math

    Heather deposits $3000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 3 years?
  12. math

    Tom deposits $800 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?
  13. math

    Ben deposits $400 into an account that earns 5% interest compounded annually. Sam deposits the same amount into an account that earns 5% simple interest. Compare the account balances after 2 years.
  14. Mathematics of INVESTMENT

    Q: Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the $2000 account. If the total yearly amount of interest earned on the $8000
  15. 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 $280 in interest. How long did he keep his account open?
  16. math

    Sam opened a money-market account that pays 3% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $420 in interest. How long did he keep his account open?
  17. 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?
  18. 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
  19. Math

    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?
  20. 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
  21. math

    Monica deposits ​$400 into a savings account that has a simple interest rate of 4.1​%
  22. 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
  23. math

    if you deposits $1200 INTO A SAVING ACCOUNT that pays 1.5% annual simple interest if you don't withdrawals or deposits how much money will you save in two in a half year
  24. math

    jack invested $4000 in two accounts. one pays simple interest at the rate of 5% and the other pays simple interest at the rate of 6%. if jack earned a total of $224 in interest in the first year, how much did he invest in each account?
  25. consumer economics

    Phonecia deposits $300 into a simple interest account that pays 3%. After 7 months what will be the total value of her account? A.$309.00 B. 305.25 C. $321.00 D. $9.00
  26. business math

    If you make two equal deposits now and 5 years from now into an account that pays interest at a rate of 4% compounded annually. IF the goal; is to have $12,000 in the account 12 years from now, what should each of the deposits be? .
  27. Lat math question for some days. Can y'all help?

    Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account earned more interest? How
  28. math

    henrietta deposits $3500 to start a new bank account. it earns a simple interest rate of 6.5% per year. henrietta makes no more to deposits to the account. how much interest will henrietta have earned after three years?
  29. 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%
  30. 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
  31. math

    Mr. Flores opened an account with a deposit of $5,000 The account earned annual simple interest. He did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500. What is the annual interest rate on this
  32. Math HELP!

    Jayden opens a savings account with $100.00. His account pays 4% simple interest. How much money will be in his account one year later if he makes no deposits or withdrawals? A.) $96.00 B.) $100.00 C.) $104.00 D.) $148.00
  33. MATH

    Adan makes regular deposits to a savings account to save money for college. He deposits $1000 at the start of each year into an account that pays 4% simple interest at the end of each year. He does not deposit the interest. At the end of 10 years, he wants
  34. Help math calc

    Find the future value of $700 deposited at 3% for 9 years if the account pays simple interest and the account pays compounded annually? The future value of an account that pays simple interest is what?
  35. Math

    Can someone please help me? I have one question I need help with. Thanks in advance. 4. Jayden opens a savings account with $100.00. His account pays 4% simple interest. How much money will be in his account one year later if he makes no deposits or
  36. Maths B

    Kate is thinking about investing $45000 for 5 years. She deposits her money into an account which earns interest paid quarterly at a rate of 3.99% p.a. After 1½ years, Kate withdraws her investment (including interest) and deposits the full amount into a
  37. math ( grade 6 )

    review my answers and please tell me if i got them right or wrong and if I get any wrong please explain the answer to me Donna deposits $275 into her savings account. she leaves the money in her account, untouched, for 6 years. if the account earns 4.5%
  38. Maths

    Raj deposits $20000 in the bank that pays simple interest at the rate of 2.75% at anuum. If the interest rate decrease to x%. He will receive $50 less every year. Find the value of x?
  39. Math

    Tomas put $180 in an account earning simple interest. At the end of one year, the account had $186.30 in it. Assuming no additional deposits or withdrawals, what was the interest rate being paid?
  40. Math

    Tomas put $180 in an account earning simple interest. At the end of one year, the account had $186.30 in it. Assuming no additional deposits or withdrawals, what was the interest rate being paid? I really need help!
  41. 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?
  42. Algebra Grade 7

    If a bank offers a savings account that pays simple interest rate of 4% and you deposit $475.00 into this account, how much interest will you have earned after 3 years?
  43. Finance

    You plan to saving 6,400 per year, beginning immediately. Making 4 deposits in an account that pays 5.7% interest. How much will there be in 4 years from today?
  44. algebra

    A total of $6200 is deposited into two simple interest accounts. On one account the annual simple interest rate is 2%, and on the second account the annual simple interest rate is 4%. The amount of interest earned for 1 year was $148. How much was invested
  45. Math

    Ariel deposits $5000 in an account that earns simple interest at an annual rate of 3%. Travis deposits $5000 in an account that earns compound interest at annual rate of 3%
  46. 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 grow? c. how many more
  47. math

    walter deposits $5,000 in a bank account that pays 9% simple interest. If he doesn't change the principal, what will his balance be in 4 years?.
  48. 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% ?
  49. 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
  50. 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
  51. Math

    Randy deposits $7,540 in a bank account that pays 4.5 percent simple interest. If he doesn't change the principle, what will his balance be in 10 years?
  52. Mathematics

    Donna deposits $275 into her savings account. She leaves the money in her account, untouched, for 6 years. If the account earns 4.5% simple interest each year, how much simple interest will she have earned by the end of the sixth year?
  53. mathematics

    In order to help her save money for college, Peyton's grandparents deposited $10,000 into a savings account five years ago. Peyton has not made any withdrawals or deposits since then. The interest rate on the savings account is 3.75% each year. Using
  54. mathematics

    In order to help her save money for college, Peyton's grandparents deposited $10,000 into a savings account five years ago. Peyton has not made any withdrawals or deposits since then. The interest rate on the savings account is 3.75% each year. Using
  55. Math

    Mona opened a savings account with a $500 deposit and a simple interest rate of 5.6%. If there were no deposits or withdrawals, how much money is in the account after 8�/1/2 � years
  56. Economics - Finance

    If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit? What is the total amount in the account after three years? What is the amount after three years if the interest was
  57. Social Studies

    Which of these is not a component of GDP? government spending household consumption net exports net imports D Jayden opens a savings account with $100.00. His account pays 4% simple interest. How much money will be in his account one year later if he makes
  58. 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
  59. 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
  60. Compound math

    (Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?
  61. Social Studies

    I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest
  62. math

    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 grow? c. how many more
  63. Social Studies

    An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a simple interest rate? (1 point) ***Compound interest rates pay more interest over time. Compound interest rates are calculated
  64. Consumer Economics

    Hello, I'm having a bit of trouble with two questions: 1. Phoenecia deposits $300 into a simple interest account that pays 3%. After 7 months what will be the total value of her account? (A)$309.00 (B)$305.25 (C)$321.00 (D)$9.00 2. Which of the following
  65. Math

    Suppose that you want to deposit $8,000 in an RRSP account that pays interest at a fixed rate of 100r% per year compounded monthly; for example, if the interest rate is 4%, then r = 0.04. Find the rate of interest r on the account if the interest earned
  66. 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
  67. math. compounding interest

    regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?
  68. algebra 1

    You deposit $70 in a savings account that pays an annual interest rate of 3%. How much simple interest would you earn in 2.5 years?
  69. MATH

    1. An employee put $5,000.00 in a retirement account that offers 9% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years? a $7693
  70. investment question

    scott and laura have both invested some money. Scott invested $3,000 more then laura and at a 2% higher interest rate. If scott received $800 annual interest and laura received $400, how much did scott invest?
  71. Math help! Check my answers ASAP!

    1. Which graph most likely describes the distance a person walks in a 24-hour period? (1 point) a. Graph IV** b. Graph II c. Graph I d. Graph III 2. A car traveling at 25 mi/h accelerates to 48 mi/h over the first 5 seconds. It maintains that speed for the
  72. Mathematics

    A man deposits $5,000 in account paying 7% simple interest. He makes three more deposits of $2,000 each at two months interval. How much is the account at the end of one year?
  73. Math

    Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. How much does she have in her account at
  74. MATH

    Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. How much does she have in her account at
  75. Math

    A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate? [Hint: The formula for simple interest is I=Prt.]
  76. Math

    Paula invested into two accounts; one pays 5% simple interest and the other 6% simple interest. She invested $3000 more in the account paying 6% than in the other account 5%. At the the end of the first year, Paula total return was 730. How much did she
  77. math

    A savings account opened 3 months ago now has a balance of Rs. 20,400. If the bank pays 8 percent p.a. Simple interest, how much money was deposited?
  78. 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?
  79. Algebra

    You put $400 in an account earns $18 simple interest in 9 months.What is the annual interest rate?
  80. 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?
  81. math

    Ryder deposits $500 into an account that earns 4.5% per year. Determine the amount in the account after 5 years if the interest is: a) Simple Interest b) Compounded Monthly
  82. Algebra

    spencer deposit 540 in a bank account that pays annual simple interest rate of 4.5%. How much interest will he earn after 3 years? a.about $73.00 b.about $7,290.00 c about $126.00
  83. college algebra

    an investment of $6600.00 is divided between two simple interest accounts. On one account the annual simple interest rate is 9% and on the second account the annual simple interest is 5.5% How much should be invested in each account so that the total
  84. finance

    Bank A pays 5% simple interest on its deposit account, whereas Bank B pays interest on its deposit account compounded monthly. Formulate the quoted and effective interest rates that Bank B should set if it wants to match Bank A, assuming a 6-years horizon
  85. math

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much
  86. investing

    you plan to go back to school for 4yrs . You plan to save 6,400/yr beginning immediately . 4 deposits are made in an account that pays 5.7% interest. How much will you have 4yrs from today
  87. math

    Investor A deposits 1,000 into an account that earns an interest rate of 6% per annum compounded semi-annually. On the same date, Investor B deposits 800 into an account that earns an interest rate of 8% per annum compounded monthly. After how many years
  88. math

    Nicolas has $650 to deposit into two different savings accounts. Nicolas will deposit $400 into Account I, which earns 3.5% annual simple interest. He will deposit $250 into Account II, which earns 314% interest compounded annually. Nicolas will not make
  89. math 106

    An bank client deposits some of her savings in a savings account bearing 3% annually of simple interest. The client deposits $500 and waits for interest to accumulate. How long will the client have to wait for the amount of interest to reach $60 ? Please
  90. math

    Lamar deposits 5000 into an account that pays interest at 4% per year. How much interest wilk he be paid in the first 3 years
  91. math

    Lamar deposits 5000 into an account that pays interest at 4% per year. How much interest wilk he be paid in the first 3 years
  92. finance

    You want to have $75,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.8% interest, what amount must you deposit each year?
  93. MATH HELP! Complex Interest

    Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much
  94. University of North Dakota

    an investment club placed $33,000 into two simple interest accounts. On one account, the annual simple intrest rate is 9.5%. On the other, the simple interest rate is 1.5%. How much should be invested in each account so that both accounts earn the same
  95. math

    Each year, Cathy invests $1,200 in her account. The account pays an interest rate of 6.3%. The formula to calculate the balance in her account is B =A(1+ r)n+1- A, where r A is the amount invested per year, r is the interest rate, and n is the number of
  96. algebra

    1. Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly. a. How much total money will she have in the account at the end? b. How much total money did Mary actually deposit? c. How much
  97. Math

    Mandi puts $20 in her savings account. The account pays 3% simple interest. How much interest will she earn in 2 years?
  98. simple interest

    A total of $8000 is deposited into two simple interest accounts. On one account, the annual interest rate is 10%, while on the second account the annual simple interest rate is 12%. How much should be invested in the 10% account so that the total annual
  99. PRE-CALC

    If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals
  100. Math

    Find the finance charge (interest) due on a 9-month 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 put in 2400*9*.10 and it

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