# 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 If no other money was deposited into or withdrawn from the account, how much was her initial deposit?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

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

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.

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

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

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?