1. Math

    An invoice states that interest will be charged on overdue accounts at the rate of 1% per month. What will the interest charges be on a $3760 billing that is three months overdue?

    asked by Anonymous on May 5, 2014
  2. math

    how much interest will you have to pay for a credit card balance of $554 that is 1 month overdue, if a 20% annual rate is charged?

    asked by samreen on November 25, 2012
  3. Math

    In Mathematics: how much interest will you have to pay for a credit card balance of $554 that is one month overdue if a 20% annual rate is charged?

    asked by Jenny on October 11, 2010
  4. Business Math

    Carol Miller went to Europe and forgot to pay her $740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penalty of $15. What was the rate of interest charged by the bank?

    asked by Carleen on October 7, 2013
  5. business mat

    Carol Miller went to Europe and forgot to pay her $740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penalty of $15. What was the rate of interest charged by the bank?

    asked by marie on April 2, 2014
  6. business math

    carol miller went to europe and forgot to pay her 4740 mortgage payment on her new hampshire house,. for her 59 days overdue on her paymen. the bank charged her a penalty of $15 assume 360 days. what was the rate of interest charged by the bank?

    asked by dee on April 14, 2011
  7. business math

    carol miller went to europe and forgot to pay her $740 mortgage payment on her new hampshire house. for her 59 days overdue on her payment, the bank charged her a penalty of $15 (assume 360 days) what was the rate of interest charged by the bank?

    asked by deedee on April 14, 2011
  8. Math

    Carol Miller went to Europe and forgot to pay her $820 mortgage payment on her New Hampshire ski house. For her 52 days overdue on her payment, the bank charged her a penalty of $23. (assume 360 days). What was the rate of interest charged by the bank?

    asked by Jena on June 22, 2013
  9. bus 123

    Carol Miller went to Europe and forgot to pay her $850 mortgage payment on her New Hampshire ski house. For her 55 days overdue on her payment, the bank charged her a penalty of $26. (assume 360 days). What was the rate of interest charged by the bank?

    asked by jeff on August 1, 2013
  10. Maths

    Frosni receieved her credit card statement, which showed she owed $5850. Interest is charged at 19.5%pa on overdue balances. She paid 15% of this amount by the due date, How much interest is charged if she pays the remainder 20 days after the due date?

    asked by JAANIE on March 16, 2011
  11. math

    Kendra deposited a total of $9,000 between two saving accounts bearing simple interest. One of the accounts has an interest rate of 3% while the other rate is 4%. If the total interest earned after one year is $320, find the amount deposited into each of

    asked by seb on August 6, 2016
  12. Business Maths

    Carol Miller went to Europe and forgot to pay her $750 mortgage payment on her New Hampshire ski house. For her 45 days overdue on her payment, the bank charged her a penalty of $16. (assume 360 days). What was the rate of interest charged by the bank? (Do

    asked by Ekanki on April 23, 2012
  13. accounting

    The Bean Company makes a sale with an invoice price of $97,000 on 10/1/14. The note is due on 10/1/17. There is no interest rate stated in the note. The market rate for similar notes is 10%. Assume annual compounding of interest. Prepare the journal

    asked by scott on January 19, 2015
  14. Algebra

    Write a system of equations to solve each word problem. You deposit a total of $900 in two different accounts. One account provides an interest rate of 5% while the other account provides an interest rate of 8%. If you earned a total of $64.50 in interest

    asked by Kevin on February 12, 2017
  15. SS

    Rohan has 100 dollars that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple

    asked by Anonymous on January 23, 2014
  16. 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

    asked by Greg on November 14, 2012
  17. 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

    asked by Hayley on August 9, 2017
  18. Algebra

    Sal Boxer divided a gift of $6000 into two different accounts. He placed $2000 in one account that earned an annual simple interest rate of 8.5%. The remaining money was placed in an account that earned an annual simple interest rate of 9.25%. How much

    asked by Alissa on February 22, 2017
  19. 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

    asked by Melissa Jefferson on November 13, 2015
  20. 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

    asked by Wejie on February 15, 2010
  21. Essex

    An investment club placed $33,000 into two simple interest accounts. On one account, the annual simple interest rate is 6.5%. On the other, the annual simple interest rate is 4.5%. How much should be invested in each account so that both accounts earn the

    asked by Carl on February 16, 2016
  22. math

    An investment club placed $36,000 into two simple interest accounts. On one account, the annual simple interest rate is 8.5%. On the other, the annual simple interest rate is 3.5%. How much should be invested in each account so that both accounts earn the

    asked by Porchae on April 1, 2017
  23. simple intrest

    Carol Miller went to Europe and forgot to pay her 740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penality of 15 dollars. What was the rate of intrest charged by the bank? Round to the

    asked by Scott on March 8, 2008
  24. Intrest

    Carol Miller went to Europe and forgot to pay her 740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penality of 15 dollars. What was the rate of intrest charged by the bank? Round to the

    asked by Scott on March 8, 2008
  25. Intrest Problem

    Carol Miller went to Europe and forgot to pay her 740.00 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penalty of 15 dollars. What was the rate of intrest charged by the bank? Round to the

    asked by Scott on March 8, 2008
  26. Accounting Question?

    What is the distinguishing characteristic between accounts receivable and notes receivable? a. Notes receivable generally specify an interest rate and a maturity date at which any interest and principle must be repaid. b. Accounts receivable are usually

    asked by Anton on October 4, 2012
  27. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

    asked by Dan on February 18, 2014
  28. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

    asked by Crystal on February 8, 2016
  29. Maths

    A television set is on sale for $780 cash, or 25% deposit and $85 per month for 8 months. How much can be saved by paying cash? How much is charged in interest? Calculate the annual rate of simple interest charged? Working out please:)

    asked by Janet on March 16, 2011
  30. 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

    asked by Anonymous on November 28, 2017
  31. math

    if a loan is given for 2,500 for 1 year and the interest charged is 275 dollars what is the interest rate on the loan? how do I go about solving this do I subtract the 275 from 2500. Interest=Principal*Rate*Time 275=2500(rate)(1) rate=275/2500 =.11 so the

    asked by patti help on March 21, 2007
  32. Math

    Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest

    asked by Anonymous on October 24, 2014
  33. bookkeeping

    bought 1053 brackets for .46 each bought 945 bushings at .35 each bought 1130 washers at .001each what amount should be entered in the accounts payable column of the purchase invoice register my answer is 518.59 january 1st $100,000 note due in 9months at

    asked by susue on April 4, 2012
  34. 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?

    asked by pb on April 5, 2012
  35. English

    I was to write 2 paragraphs on how interest rates affect our purchasing decisions and underline the topic sentence of each one. I would like to know if my prargraphs are okay and if I chose the TS correctly. Since I don't know how to underline here the

    asked by Karen on January 9, 2011
  36. 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

    asked by Emmett on July 28, 2012
  37. FINANCE

    Many creditors of your firm offer early payment discounts. The accounts payable supervisor does not believe in paying early “as the bank overdraft rate of j12 = 8% pa is more than the average 2% offered for payment within 10 days from date of invoice”.

    asked by Anonymous on March 27, 2014
  38. consumers math

    Jon put 1000$ into each of two different simple interest savings accounts for one year . The total intrerest earned was 5$. What could the interest rate have been for each account ?

    asked by faith on March 15, 2013
  39. Washington high

    Stacy has a total of $6000 in two accounts.the amount of interest she earns from both accounts in the first year is $500.if one of the accounts earns 8% interest per year and the other earns 9% interest per year, how much did she invest in each account?

    asked by anju on September 30, 2015
  40. help

    The interest rate on a second mortgage was5 7/8 % last month. This month the interest rate is 7 3/2 %. How many percentage points has the interest rate increased? Are you sure you mean 7 3/2% ? No lender would write an intereest rate that way. Perhaps you

    asked by carmen on March 26, 2007
  41. Accounting

    Accounts receivable in the amount of 250,000 were assigned to the fast Finance Company by Nance INC as security for a loan of 200,000. The finance company charged a 4% commision on the face amount of the loan, and the note bears interest at 9% per year.

    asked by adam on June 14, 2008
  42. math

    Steve was charged $60.00 interest for 1 month on a $3,000 credit card balance. What was the monthly interest rate?

    asked by Anonymous on May 7, 2008
  43. math

    Stever was charged $60.00 interest for 1 month on a 3,000 credit card balance. What was the monthly interest rate.

    asked by willie on March 25, 2010
  44. 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

    asked by nimsaj on August 24, 2017
  45. maths

    Mr. and Mrs. Fox have each contributed $1825.00 per year for the last eight years into RRSP accounts earning 6.93% compounded annually. Suppose they leave their accumulated contributions for another five years in the RRSP at the same rate of interest. a)

    asked by mm on December 4, 2018
  46. math

    What annual interest rate was charged on a 2-year loan of $6300 if the simple interest paid was $1039.50? Show your work

    asked by bob on July 6, 2012
  47. math

    Jose invests money in two simple interest accounts. He invests twice as much in an account paying 10% as he does in an account paying 7%. If he earns $94.50 in interest in one year from both accounts combined, how much did he invest altogether? Total

    asked by brooke on January 9, 2016
  48. 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

    asked by Nieda on September 15, 2011
  49. math

    12.​ You has investments totaling $8000 in two accounts: a savings account paying 5% interest, and the other a bond paying 8% interest. If the amount of interest after one year from both investments was $600, how much did you invest in both accounts

    asked by ppp on April 15, 2017
  50. math

    Sally has a balance of $2845 on her credit card. What rate of simple interest is she being charged if she must pay $26.19 interest for the 12 days her payment is late?

    asked by Gina on April 17, 2015
  51. Math

    A man collected $28500 on a loan of $25000 he made 4 years ago. If he charged simple interest, what was the yearly interest rate?

    asked by Brian on November 13, 2010
  52. Intermediate Algebra

    Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest rate on the credit card.

    asked by Anonymous1234 on November 14, 2014
  53. Math Interest Question

    A loan of $8,532 was repaid at the end of 12 months. What size repayment check (principal and interest) was written, if a 9.5% annual rate of interest was charged?

    asked by Maxie on January 24, 2014
  54. business math

    Mike Drago took out a loan for $3,800 at the Gold Coast Bank for 280 days. If the bank uses the ordinary interest method, what rate of interest was charged if the amount of interest was $278? Round your answer to the nearest tenth of a percent.

    asked by wanda on November 7, 2016
  55. acc225

    Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies e. Salaries Expense i. Interest Revenue b. Repair Services Revenue f. Owner Capital j. Owner Withdrawals c. Interest Payable g. Prepaid

    asked by Tee on May 28, 2008
  56. Finance

    First Simple Bank pays 6 percent simple interest on its investment accounts. First Complex Bank pays interest on its accounts compounded annually. Required: What rate should the bank set if it wants to match First Simple Bank over an investment horizon of

    asked by Alec on February 19, 2014
  57. math

    8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one year was RM3200.how much was invested at each rate? 9.RM 1999 was invested for a certain period. The simple interest earned was

    asked by fizz on April 20, 2014
  58. Math(simple interest)

    Mr.X invested a total of Rs.10,000 in three different accounts, the Accounts paid simple interest at an annual rate of 8%,9% and 7.5% respectively. Total interest earned for the year was Rs.845. The amount in the 9% account was twice the amount invested in

    asked by Ana...... :) on January 8, 2017
  59. simple interest

    A total of $12,000 is invested into two simple interest accounts. On one account the annual simple interest rate is 12%, while on the second account the annual interest rate is 18%. How much should be invested at 12% so that the interest earned is the

    asked by ali on March 31, 2016
  60. math

    How do you find the interest and the new balance on these charge accounts? Balance=$253.00, Payment=$12.65, Unpaid Balance=$12.63, Interest Rate per Month=1.6%, Interest= , New Balance=

    asked by Cristina on June 25, 2014
  61. Math

    In interviewing November's statement she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November, 5, $100 on November 15, and $50 on November 30. She paid $5.27 in interest

    asked by Chol on July 7, 2014
  62. algebra

    You invested ​$27,000 in two accounts paying 2% and 3% annual​ interest, respectively.If the total interest earned for the year was $ 800, how much was invested at each​ rate?

    asked by Suh dude on February 24, 2016
  63. annual interest

    you invested 12000 in two accounts paying 5% and 7% annual interest. If the totak interest earned for the year was 760 how much was invested at each rate?

    asked by Anonymous on October 28, 2012
  64. Math

    You invested $14,000 in two accounts paying 5% and 9% annual interest, respectively. If the total interest earned for the year was $820, how much was invested at each rate?

    asked by Bob on September 4, 2012
  65. math

    you invested $8000 between two accounts paying 7% and 9% annual interest, respectively. If the total interest earned for the year was $600 how much was invested at each rate?

    asked by Terry on July 5, 2015
  66. 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

    asked by ali on March 31, 2016
  67. business mathematics

    What is the cash discount and net amount paid if the gross amount of the invoice or freight paid is 7000$, freight charged is 100$, date of invoice is 4/8, terms of service is 2/10, n/60, and date of payment is 4/15?

    asked by jeff on February 13, 2012
  68. math

    Wendy invested $6500.00 into two bank accounts, one paying 4% simple interest and the other paying 6%. If her annual interest from the two accounts is $344, how much did she invest at 6%?

    asked by Monica on July 5, 2013
  69. Finance

    Bill Seeker bought a boat costing $8500 with $1500 down, the balance plus add-on interest to be paid in 36 monthly installments. If the add-on interest rate was 18% find A. the total interest charged. b. the monthly payment, to the nearest dollar

    asked by Brian on October 9, 2011
  70. Math

    Larry Mitchell invested part of his $27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $720​, find the amount invested at each rate

    asked by Jimmy on November 8, 2017
  71. Finance

    You have an invoice for a major expenditure due in 5 years for $82,000 and the annual interest rate of 5%. How much do you need now to pay for this expenditure?

    asked by Sharon on March 9, 2013
  72. accounting

    E4-19 On December 31, the adjusted trial balance of Oslo Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were

    asked by bill on January 26, 2012
  73. Algebra

    Phyllis invested 67000 dollars, split between two different accounts. The money in the first account earns simple interest at the rate of 4 percent per year. The money in the second account earns simple interest at the rate of 6 percent per year. After one

    asked by John's on February 16, 2016
  74. java programmin

    You have been hired by the local library to build a small program which will assist in calculating the fines for overdue items returned past their due date. For this first portion of the program, you need to create a simple program which will complete the

    asked by jon on September 29, 2009
  75. consumer math

    1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a late fee. They are

    asked by josh patterson on February 19, 2012
  76. Math

    A man invests his savings in two accounts, one paying 6% and the other paying 10% simple interest per year. He puts twice as much in the lower-yielding account because it is less risky. His annual interest is $11000 dollars. How much did he invest at each

    asked by NotGonnaSay on August 20, 2012
  77. math, business?

    Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by scooby91320002 on August 12, 2009
  78. ALgebra word problem

    monthly credit card interest is charged at a rate of 1.5%. after one month, total purchases plus interest equal $46.69. how much were the purchases?

    asked by mike on November 6, 2010
  79. Math

    Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by Gertrude Sanders on October 22, 2008
  80. math

    What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.)

    asked by Anonymous on March 13, 2012
  81. Finance

    Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound

    asked by tisha on August 22, 2012
  82. math

    You want to explain to your friend that your bank’s interest rate has gone down from 1.2% to 0.3%. Which sentence below has the correct meaning? A)My interest rate has decreased 25%. B)My interest rate has decreased 0.9 percentage points. C)My interest

    asked by jordan on May 9, 2013
  83. math

    Calculate the monthly payment necessary to retire a 3-year simple-interest loan of $12,000 if the simple interest rate charged is 9%. Round your answer to the nearest cent.

    asked by ann on July 6, 2012
  84. math

    Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by Peggie on September 2, 2008
  85. uop

    ms jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by lisa jones on October 29, 2008
  86. Math

    Ms Jordan has been given a loan of 2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by Mary on October 23, 2008
  87. math

    Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

    asked by jane on December 9, 2008
  88. Math

    Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan? 9.09 is this right?

    asked by Ms. Teri on April 4, 2008
  89. AP Macroeconomics

    3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your after-tax nominal rate is (1 ñ 25%) • 12% = 9%. Since 10% equals .1, we

    asked by Emily on October 21, 2013
  90. Algebra

    Mr. and Mrs. Abdullah invest a total of $10,000 in two savings accounts. One account pays 5% interest and the other 6%. Find the amount placed in each account if the accounts receive a total of $540 in interest after one year.

    asked by Lora on March 28, 2013
  91. math

    Sue has a total of $4000 to invest in two accounts. one account earns 2% simple interest and the other earns 5% simple interest. How much should be invested in both accounts to earn exactly $155 at the end of the year?

    asked by phil on October 3, 2014
  92. math

    charge account with MasterCard. Her credit limits is $ 1,000, but she not charged that much since opening the account. Nancy hasn't had the time to review her monthly statement promptly as she should, but over the upcoming weekend she plans to catch up on

    asked by Peter on June 28, 2014
  93. algebra

    Homework Questions Attempts allowed Limits Points 7 Questions 3 No Time Limit 7 pts possible You're in the middle of taking this assessment. Resume Assessment Answer Back Next Question 6 of 7 (1 point) Jose invests money in two simple interest accounts. He

    asked by kayla on January 8, 2016
  94. math

    Pat deposits $600.00 in a saving accounts at a simple interest rate of 6% per year for five years. How much money will pat have earned in interest at the end of five years?

    asked by Anonymous on January 18, 2011
  95. algebra

    has inherited $15,000 that she wants to invest in two separate accounts, one paying 4% and one paying 3% annual interest. If the total interest earned for a year is $550, how much should she invest at each rate?

    asked by Anna on October 21, 2014
  96. PHI103

    Cathy owes the local video store six overdue movies.Each of Cathy's overdue movie is a comedy, only comdies are overdue at the local video store. What premise added to this statement would make this conclusion valid? Answer: Cathy is the only person that

    asked by Renee on November 12, 2010
  97. math

    you invested $4000 in two accounts paying 2% and 9% annual interest, respectively if the total interest earned for the year was $150, how much was invested at each rate. $_was invested at 2% and _$ was invested at 9%

    asked by ann on September 11, 2012
  98. Accounting 1

    Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31: 8/2: Borrowed $75,000 from the Bank of Kingsville by signing a 120-day note. 8/20: Issued a $40,000 note to Harris Motors for the purchase of a

    asked by Megan on March 20, 2013
  99. math

    A car company is offering car loans at a simple interest rate of 4.7%. Find the interest charged to a customer who finances a car loan of $7200 for 3 yr.

    asked by kirk on March 17, 2010
  100. math

    Martha's $18,750 is invested in two accounts, one earning 12% interest and the other earning 10%. After 1 year, her combined interest income is $2,117. How much has she invested at each rate?

    asked by isabela on October 31, 2018