# 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?

34,574 questions
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

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

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

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

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

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.

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

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

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 \$720â€‹, 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

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