what is The simple interest earned on a deposit of $4,000 at 5% for 120 days

35,203 results
  1. 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

  2. Algebra

    Katie invested a total of $7,000, part at 2% simple interest, and part at 3% simple interest. At the end of 1 year, the investments earned, $184.00 interest. How much was invested at each rate?

  3. 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

  4. 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

  5. Math

    For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years earned interest of $1260, then how much interest would be earned in 7 years?

  6. 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

  7. math

    Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1/2 year, she had earned $5.00 in interest on the account. If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

  8. Math

    Asher cashed in a one-year 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 the $10,000 term deposit,

  9. 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 interest rate is 3%, what is P?

  10. algebra

    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?

  11. personal finance

    what is The simple interest earned on a deposit of $4,000 at 5% for 120 days.

  12. math

    At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?

  13. 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

  14. 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

  15. 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

  16. Math

    If Maria earned $60 in interest over a 4-year period at a 4% simple annual interest rate, how much did she originally deposit in savings?

  17. math

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account

  18. math

    Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1212 year, she had earned $5.00 in interest on the account. If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

  19. mmmaaatthh

    Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in interest on the account. If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

  20. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest? $22

  21. Math

    How much must Harry's Hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest? Would the answer be 547.85? This is the equation I used. A = P(1 + rt)

  22. finance

    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 simple interest of 4.48%. Option 2: He can invest the money in a 60-day GIC paying simple interest of 4.50% and then re-invest

  23. 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

  24. Algebra

    An investment adviser invested $14,000 in two accounts. One investment earned 5% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $540. How much was invested in each account?

  25. computer science

    When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a program to display the

  26. Math/Compound Interest

    1. Use the compound interest table to find the compound amount earned on a $5,900 deposit for 10 years at 10% compounded semiannually. _____________________________________ A. 9,610.45 b. 15,654.47 c. 3,710.45 d. 12,375.66 2. Megan deposited $6,000 in an

  27. math

    Compute the amount of interest earned in the following simple interest problem. A deposit of $8,000 at 9.5% for 120 days.

  28. math

    Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 8 years. Then find the total of principal plus interest.

  29. math

    a deposit of 4000 at 6.5% for 270 days show amount of interest earned answer 2870

  30. math

    Abbi invested $1,000 in a certificate of deposit with a simple interest rate of 3%. Find the interest earned in 6 years. Then find the total of principal plus interest.

  31. Math

    Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual simple interest rate for his certificate of deposit.

  32. MATH

    An investment adviser invested $14,000 in two accounts. One investment earned 7% annual simple interest, and the other investment earned 5.5% annual simple interest. The amount of interest earned for 1 year was $884. How much was invested in each account?

  33. Math

    If Maria earned $60 in interest over a 4-year period at a 4% simple annual interest rate, how much did she originally deposit in savings?

  34. Math

    A mother wants to invest ​$5000 for her​ son's future education. She invests a portion of the money in a bank certificate of deposit​ (CD account) which earns 4​% simple interest and the remainder in a savings bond that earns 5​% simple interest.

  35. math

    Two investments earn a total annual income of $2825. One investment is in a 6.75% annual simple interest certificate of deposit. The other is in a 7.25% tax free annual simple interest account. The total amount invested is 40,000. Find the amount in

  36. Math

    Using the formula. I =Prt ,calculate the simple interest where t=1/n and n is the number of periodd per year for compounding. You have $20,000 and wished to invest it in one of two ways. Option A: You may invest it in a certificate of deposit for 10 years

  37. 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

  38. Math

    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

  39. math

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account

  40. Still confused

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?

  41. Math

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?

  42. Math 81

    How can $60,000 be invested, part at 7% annual simple interest and the remainder at 12% annual simple interest, so that the interest earned by the two accounts will be equal?

  43. Math

    Compute the amount of interest earned in the following simple interest problem. A deposit of $8,000 at 9.5% for 120 days.

  44. 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

  45. Business Algebra

    You invest $20,000 in two accounts. Account A earned 4.5% annual simple interest and Account B earned 6% annual simple interest. the total amount of interest earned for 1 year was $987.50, how much was invested into each account?

  46. math

    What would be the difference at the end of one year between the simple interest earned on a deposit of $450 at 4.5% and the compound interest earned on $450 at 4.5% compounded annually? $22.50 $22.25 $0 $20.25

  47. math

    1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 T-bill is purchased at a 3.85% discount

  48. Algebra

    After 6 years, an account that earns 4% simple interest has earned $480 in interest. How much was the initial deposit?

  49. math

    Suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.

  50. Math

    Nico was stunned when he opened the mail. Here was a check for $322.50! This was the interest he earned on his investment. One year ago Nico had been given $5,000. His parents made him put it in the bank and save it for college, but they said he could keep

  51. business

    what is the interest earned for a deposit of $100,000 at 2% for 5 years

  52. Math

    For amounts between $10,000 and $24,999, a credit union pays a rate of 2.5% on term deposits with maturities in the 91- to 120-day range. However, early redemption will result in a rate of 1.75% being applied. How much more interest will a 91-day $20,000

  53. 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

  54. Math

    An investment of $3,000 is made at an annual simple interest of 5%. How much additional monery must be invested at an annual simple interest rate of 8% so that the total annual interest earned is 7.5 of te original amount that you invested?

  55. Pre Algerbra

    I invested $3,000, part at 2% and the rest at 5% simple interest. After 1 year, I earned a total of $117 in interest. How much did I invest at each rate?

  56. math

    Ben is to invest $13 000 for 3 years at 8% p.a with interest paid annually. Find the amount of interest earned by calculating the simple interest for each year separately. I know how to solve this using the normal method, but i don't know how to do it by

  57. Math/Algebra

    Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned more interest, and

  58. Consumer Math

    The simple interest earned on a deposit of $3,000 at 6% for 5 years.

  59. Math/Algebra

    Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple interest, and account B earned interest that was compounded annually. By the end of 2012, which account earned more interest, and

  60. maths

    Gordon Freeman wants to have $32,000 in 5 years in order to purchase a new car. (a) How much should he deposit today in an account earning 6.4%, compounded quarterly, to have the required amount in 5 years? (b) How much interest will be earned? (c) If he

  61. algebra

    An investor earned $1,462.50 on an investment of $90,000 in 65 days. Find the annual simple interest rate earned on the investment

  62. math

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?

  63. algebra

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?

  64. math/Finance

    I want to know the formula to use 1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 T-bill is

  65. 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

  66. -Math-Desperate

    An investment adviser invested $14,000 in two accounts. One investment earned 4% annual simple interest, and the other investment earned 2.5% annual simple interest. The amount of interest earned for 1 year was $458. How much was invested in each account?

  67. algebra

    Abbi invested $1,200 in a certificate of deposit with a simple interest rate of 2%. Find the interest earned in 9 years. Then find the total of principal plus interest.

  68. Algebra

    Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then find the total of principal plus interest.

  69. math

    abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest

  70. 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

  71. Math

    Chris deposited $1,500 in a bank account for 2 years. The account earned $120.00 in simple interest. What simple interest rate did he receive?

  72. Maths

    For Amounts between $10000 to $ 24,999 , a credit union pays a rate of 2.5% of term deposit with maturities in the 91-120 days range.However Early redemption will result in the rate of 1.75% being applied. How much more interest will a 91-day $ 20000 term

  73. Algebra

    The Smiths invested $14,000, part at 3% simple interest and the rest at 4% simple interest for a period of one year. if the total interest earned was $460, how much was invested at each rate?

  74. Math

    A $20,000 deposit was placed in a bank paying 5.75% interest compounded quarterly. After 12 months, how much interest was earned.

  75. Word problem

    suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.

  76. math

    1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period. 2. Find the simple interest on $15,000.00 invested for 4 years at 12% per annum.

  77. 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?

  78. Calculus

    Linda has $9000 to invest. She invested x dollars in an account that earned 3% simple interest and the remainder of the money in an account that earned 2.6% simple interest. In one year, both accounts together earned $250 interest. How much was invested in

  79. 7th grade Math

    Tracy started a saying account that is set up so that the simple interest earned on the investment is moved into a separate account at the end of each year. Tracy invests $5,000 at 4.5%, what is the total simple interest accumulated in the checking account

  80. Interest Rates

    Homer won a prize in the lottery of $1000, payable $500 immediately and $500 plus 4% simple interest payable in 250 days. Getting impatient, Homer sells the promissory note to Moe for $450 cash after 130 days. Using a nominal 360 day year, find the simple

  81. math

    An investment of $3,000 is made at an annual simple interest of 5%. How much additional money must be invested at an annual simple interest rate of 8%, so that the total annual interest earned is 7.5 of the original amount that you invested? My answer:

  82. 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

  83. Math 7

    PLEASE HELP!!!!! -You deposit $5,000 in an account that earns 5% simple interest. How long will it be before the total amount is $6,000?

  84. algebra interest word problem

    Erin Grabish recevied $2,000 for speaking at a financial planning seminar. Erin invested the money in a certificate of deposit for 2 years. When she redeemed the certificate of deposit, she received $2166. What simple interest rate did Erin receive on this

  85. college math

    Suppose you deposit $103,000 into an account paying 7.5% simple annual interest, and that you won't touch the account until it holds $1,000,000. How long must you wait?

  86. accounting

    Would like to start a college fund. It was estimated that the cost for college to be 60,000 per year. How much should be deposit into the account each month for 18 years to accumulate a total of 240,000 @ 12% interest earned.

  87. Finance

    compound interest earned in an account that opens with $28,000, earns 2.4% interest compounded daily, and is held for 10 years. Assume 360 days in a year

  88. Business math

    Total current assets (CA) $20,000 Accounts receivable (AR) $10,000 Current liabilities (CL) $11,000 Inventory (INV) $4,000 Net sales $30,000 Total assets $25,000 Net income $5,000 Calculate average day’s collection. A. 12 days C. 1.2 years B. 120 days D.

  89. math

    You deposit $500 in an account that earns 4% simple annual interest. The interest earned each year is added to the principal to create a new principal. Find the total amount in your account after each year for 3 years.

  90. Math

    You deposit $10,000 at 5% per year. What is the balance at the end of one year if the interest paid is (a) simple interest (b) compounded monthly

  91. algebra

    Find the amount of compound interest earned in an account that opens with $21,000, earns 4.2% interest compounded daily, and is held for 5 years. Assume 360 days in a year.

  92. algebra

    Find the amount of compound interest earned in an account that opens with $24,000, earns 7.7% interest compounded daily, and is held for 15 years. Assume 360 days in a year.

  93. math

    Find the amount of compound interest earned in an account that opens with $23,000, earns 3.3% interest compounded daily, and is held for 25 years. Assume 360 days in a year.

  94. Algebra

    Maybe that was to confusing...we have a data sheet to fill out - 2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of 5% for two years using

  95. Interest Finite Math

    IS MY ANSWER CORRECT? If you would like to make $1213 in 8 years, how much would you have to deposit in an account that pays simple interest of 5%? I=1213(.05)(8) I=388.16 Interest Earned is $388.16 1213+388.16=1601.16

  96. Algebra

    You deposit $3,000 in a savings account that earns 6% simple interest. How long will it be before you have a total of $3,500?

  97. Algebra

    jake jenkins earned 9000 last year by giving tennis lessons. he invested part at 7% simple interest and the rest at 4%. he earned a total of 540 in interest. how much did he invest at 4%

  98. 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

  99. Finance

    . (TCO 3) Mark deposited $1,000 today, in an account that pays eight percent interest, compounded semi-annually. Which one of the following statements is correct concerning this investment? (Points : 3) Mark will earn more interest in year 4 than he will

  100. Math

    How much less interest is earned at 6% simple interest for 5 years on a $10,000 investment than a 6% rate compounded daily for 5 years?

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