What is simple interest? Like I=Prt

12,385 questions
1. drbob222

Can you check this one for me i want to make sure. The simple interest I on a principal of P dollars at Interest rate r for time t, in years, is given by I=PrT.Find the simple interest on aprincipal of \$6000 at 3% for 2years. I got the following: I= 6000 x

asked by jasmine20 on December 12, 2006
2. Math

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

asked by Issa on September 14, 2018
3. Math

The amount of an investment of P dollars for t years at simple interest rate r is given by A= P+Prt a) Rewrite this formula by factoring out the greatest common factor on the right-hand side. b) Find A if \$8300 is invested for 3 years at a simple interest

asked by Roger on March 4, 2009

Can you check these simple interest problems? 1. If you borrow \$421 for nine years at an interest rate of 4%, how much interest will you pay? Ans: I = prt I = \$421*.04*9 I = \$151.56 2. If the balance at the end of 8 years on an investment of \$630 that has

asked by Alexis on January 21, 2015

Can you check these simple interest problems? 1. If you borrow \$421 for nine years at an interest rate of 4%, how much interest will you pay? Ans: I = prt I = \$421*.04*9 I = \$151.56 2. If the balance at the end of 8 years on an investment of \$630 that has

asked by Alexis (re-post) on January 22, 2015
6. math models

Martin invested \$6,500 in a bank at a simple interest rate of 6.5%. How much interest would he receive after 4 years? Use I=PRT

asked by heidi on October 6, 2016
7. Math

How do I do this? -- can anyone give me a formula to find the answers? Example: Find the annual rate of simple interest~ P: 5000 / I: 650 / T: 3 years. PV = nRT I=PRT so solving for R we get R=I/(PT) plug in your values and evaluate. Your answer will be a

asked by Finding Interest Rate in Interest Problems on April 25, 2007
8. Math

What is simple interest? Like I=Prt

asked by Person on May 1, 2011
9. math,algebra

Is this correct Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of \$6000 at 3% for 2 years. Simple Interest = Principle x Rate x

asked by Jasmine20 on December 11, 2006
10. math

Given the simple interest formula, I = Prt, solve for t

asked by gabe on May 11, 2009
11. Math

You visited your local bank. Because of your good credit, they agreed to give you a personal loan, simple interest at a current interest rate of 12.5% APR. you will pay this back in 1 year Interest=prt= Total Payment =Principle +interest = Payment per

asked by Tracy on March 8, 2017
12. Maths

The formula for a simple interest rate is I = PRT and Total Balance = P + I The formula for compound interest is B = P × (1 + 〖r/n)〗^nt Adam invests £55,000 at interest rate of 4% per annum

asked by Jean on December 19, 2017
13. algebra

The formula I=PRT gives the amount of simple interest I earned by principal P at an annual interest rate R over T years. Solve this formula for P.

asked by Jenai on October 13, 2009
14. Algebra

The formula I = PRT where I = Interest, P = principal, R = rate, and T = time is used to calculate the amount of simple interest earned. Solve this formula for T.

asked by Kay on October 22, 2016
15. math

Amount of an investment. The amount of an investment of P dollars for t years at simple interest rate r is given by A  P  Prt. a) Rewrite this formula by factoring out the greatest common factor on the right-hand side. b) Find A if \$8300 is invested for

asked by naine on September 5, 2010
16. Math

Simple Interest Rate Question? Prt=(18000)(0.075)(18/12) = to 2025? 18 months -12 (1yr)

asked by Bettye on March 6, 2011
17. Maths

Solve the problem. Assume that simple interest is being calculated. Round your answer to the nearest cent. Susie borrowed \$7500. from a bank for 18 months with interest of 5% per year. Find the total amount she repaid on the due date of the loan. (Use:

asked by Matt on February 28, 2008
18. algebra

Ok my math assignments look something ike this... The formula I=prt gives the amouunt of simple interest I earned by principal p at an annual interest rate r over t years. Solve this formula for p. B. Find p if r=0.035, t=4, and I=\$420. c. Writing.. That

asked by K8T on October 28, 2008
19. ALGEBRA 2

The formula for determining simple interest is I = prt. Which equation shows the formula solved for t?

asked by KELR on January 12, 2012
20. math/algebra

please check my answers Suppose that the temperature outside is dropping at a constant rate. At noon, the temperature is 70 F and it drops to 58 F at 5 p.m. How much did the temperature change each hour? 12/5=2.4 degrees per hour. Evaluate the expression

asked by allen on November 27, 2007
21. Math

Deborah deposits \$200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4 months? a) Present Value with simple interest b) Future Value with simple interest c) Future Value with compound interest d) Simple

Find the ordinary interest in a loan of Rs.2600 at 10 % simple interest from January 5 to February 10.? Find the present value of Rs.3600 due in 4 months at 6% interest p.a.? At what annual rate percent of interest would Rs.12500 amount Rs.14375 in 2 years

asked by Mian g on March 24, 2016
23. Math

John has \$80 in a savings account that earns 55% annually. The interest is not compounded. How much interest will John earn in 2 years? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate

asked by Muhammad Taha Abbasi bin saeedullah Abbasi on May 16, 2019
24. 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

asked by Preia on April 30, 2015
25. Algebra

Show how you substitute the values into the formula, then use your calculator. *Use A = P(1+r/n)nt to find the amount of money in an account after t years, compounded n times per year. *Use I = Prt to find the amount of simple interest earned after t years

asked by Sylvie on February 3, 2013
26. math,help

can someone help me with this i am lost now i've been doing math for the past 8 hrs. Problem # 1 solve: 4(x-10)-3x=x-40 Problem # 2 solve for t: a = p + prt Problem#3 translate to an algebraic equation 7 less than the quotient of a number and 3 is twice

asked by jasort20 on March 18, 2007
27. medu

RM 2000 was invested on 15march 2012. If the simple interest rate offered was 10% per annum, find the interest received on 29 August 2012 using A. Exact time and exact simple interest B. Exact time and ordinary simple interest C. Approximate time and exact

asked by mariam on June 8, 2012

You were offered the opportunity to purchase either a simple interest note or a simple discount note with the following terms: \$33,353 at 7% for 18 months. a. Calculate the effective interest rate. (Do not round intermediate calculations. Round your final

asked by marie on April 7, 2014
29. 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

asked by DerpyPegasus33 on December 9, 2014

Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: \$19,500 at 8% for 2 years. Use ordinary interest as needed. a. Calculate the simple interest note proceeds.

asked by marie on April 7, 2014
31. 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

asked by Cassie on February 25, 2013
32. 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

asked by mr.E on November 17, 2014
33. ALGEBRA

An investor has \$500 more invested at 7% than he does at 5%..If his annual interest is \$515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the

asked by JAY10 on December 13, 2009

You borrow \$2,000 at a rate of 3% for a period of 4 years. How much will you re-pay at the end of 4 years? This is a 7th grade math question and I feel like it's a trick question. I am thinking that I should use the simple interest formula, but I know that

asked by SDog on March 19, 2014
35. algebra

Andrew has a four-year college loan for \$20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay? simple interest = P × r × t

asked by Anonymous on March 4, 2013
36. Math

Constance invested \$4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn? Please show your work :)

asked by Kathy on November 15, 2017
37. Math - Pre Algebra

Simple and Compound Interest Find the simple interest. principal= \$870 interest rate= 6% time= 9 months Please help me I need the answer for tommorow.

asked by Tanisha on April 13, 2009
38. 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
39. 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

asked by Gregg on September 18, 2011
40. 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

asked by DerpyPegasus33 on December 9, 2014
41. 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
42. 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
43. Social studies

How die a compound interest rate differ from a simple interest rate? Compound interest rates pay more interest over time Compound interest rates are calculated only once a year Compound interest rates ideally lower than simple interest rates•• Compound

asked by Lulu on May 11, 2017
44. Visual Basic 2008 Programming

Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When \$1000 is deposited at 5 percent simple interest, the amount grows by \$50 each year. When money is invented at 5 percent compound interest, then the amount

asked by Lee on November 16, 2010
45. finite math

how do I work this problem simple intrest I=Prt P= \$54 r=4% and t=9months

asked by carol on June 22, 2014
46. 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
47. math

If Mark invests \$8000 at 6% simple interest rate, how much money must he invest at an 8% simple interest rate in order for the interest on each investment to be \$500. Assume that the amount of time for both investments is the same.

asked by devin on January 23, 2013
48. 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?

asked by Lucas on October 27, 2015
49. math

Interest is calculated with the following formula I=Prt What is the future value ( present value + interrst ) of this account? Present value is \$600; interest is 6% Term is 12 years ( Enter your answer as dollars and cents. )

asked by brandon on November 10, 2011
50. 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
51. Algebra 2

What does this interest formula stand for: PRT=I

asked by Anonymous on November 8, 2011
52. art

Gina plans to invest \$12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guaranteed at least \$650 in interest per year?

asked by Anonymous on March 3, 2010
53. Math

Gina plans to invest \$12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guranteed at least \$650 in interest per year?

asked by Pamela on July 1, 2009
54. algebra

Solve the problem. Helen Weller invested \$15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the interest on the two investments

asked by mark on March 8, 2009
55. math

Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If she borrows \$15,000, how much interest would she pay for each loan? Which option requires less interest?

asked by Ali on September 8, 2014
56. 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?

asked by Charlene on June 21, 2012
57. Math

After 5 years, how much INTEREST will Kevin earn in interest from his savings account? Given the fact: Kevin deposits \$175 each year on his birthday for 5 year into his savings account. His account earns simple interest at a rate of 3.5% interest. A.)

asked by Help in Math on May 8, 2018
58. math

A \$1500 investments has an annual simple interest rate of 7%. Find the simple interest earned on the investment after 18 months.

asked by miss c on May 23, 2012
59. 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
60. Math Help!

1.Find the interenst earned in an acount with \$600.00 invested at 4.5% annual simple interest for 2 years. A. \$540.00 B. \$5,400.00 C. \$54.00*** D. \$13.50 2. Find the interest by an accound with \$1,200 of simple interest of 4% for 3 years. A. \$144.00 B.

asked by Callie on December 4, 2014
61. Math!!

Sally deposited \$3600 and the annual rate of interest is 6.5%. What is the interest amount for a 30-month period? I = prt. I = amt of interest p = principal r = rate (0.065 per year) t = time in years = 2.5 years I = 3600*0.065*2.5 = ??

asked by Cindy on March 31, 2007
62. 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
63. math

Simple interest the simple interest received from investment is directly proportional to the amount of the investment. By investing \$4000 in a municipal bond you obtain interest of \$280 at the end of 1year. Find a mathematical model that gives the interest

asked by Marybeth on June 3, 2014
64. math

Amount of an Investment. The amount of an ivestment of P dollarsfor T years at simple intrest rate r is given by A=P+PrT a)Rewrite formula by factoring out the greatest common factor on the right hand side. b)find A if \$8300is invested for 3 yrs at simple

asked by Debbie on March 4, 2009
65. math

Katie invested a total of ​\$6000 ​, part at 3 ​% simple interest and part at 4 ​% simple interest. At the end of 1​ year, the investments had earned ​\$214 interest. How much was invested at each​ rate?

asked by anthony on February 5, 2017
66. math algebra

Terry Edwards invested \$3000 for two years, part at 3.5% simple interest and the rest at 2.5% simple interest. After two years she earned a total interest of \$190. How much was invested at each rate?

asked by estefany on November 6, 2016
67. 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?

asked by Mae on February 12, 2017
68. 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

asked by James Starr on March 27, 2011
69. math

Suppose you borrow \$4200 at an annual simple interest rate of 10.5% for a term of 18 months. How much simple interest will you owe? What is the total amount you will have to repay (maturity value)? i am not good at this one working on my problem

asked by tammy on July 6, 2012
70. Math

Ammar borrows RM5,000 at 8% simple interest per annum on 20 September 2015. if she charged RM124.44 simple interest, find the date she settles the loan. (Use the Banker's Rule).

asked by Nureen on October 26, 2018
71. 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
72. 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
73. 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
74. 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:

75. 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,

asked by Anonymous on May 5, 2014
76. social studies

1)An interest rate is a special type of? a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a simple interest rate? a. Compound interest rates pay more interest over time b. Compound interest rates are calculated only once

asked by Leah on January 7, 2015
77. algebra

12000 was invested in 2 accounts, one earning 12% simple interest and the other earning 8% simple interest. if the total interest at the end of 1yr was \$1240, how much was invested in each account?

asked by cee jay on March 9, 2016
78. Math

the principle B is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money,. Assume there are 360 days in a year and round to the nearest cent. P=\$4000, r=6.0%and t=6 month

asked by Theresa on July 16, 2011
79. 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?

asked by Anonymous on March 30, 2016
80. math investment problem

If \$4,400.00 is invested at 5% simple interest, how much needs to be invested at 9% simple interest so the total interest per year is \$697.00.

asked by Anonymous on April 11, 2016
81. math

In simple words, what are the differences of simple interest, compound interest and annuity?

asked by Jp on January 5, 2013
82. 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

asked by Anonymous on March 5, 2017
83. Math

A principal of \$2000 was invested in a savings account for 4 years. If the interest earned for that period was \$480 what is the interest rate? I = prt for r I did: 2000= 480(4) 2000=1920 9.6%

asked by Tyler on February 1, 2016
84. 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
85. math

.. You were offered the opportunity to purchase either a simple interest note or a simple discount note with the following terms: \$33,353 at 7% for 18 months. based on the effective interest rate, which would you choose

asked by Anonymoupauline on June 11, 2018
86. math

i put 4000.00 in savings. at end of 3 years the account earned 960.00 in simple interest at what simple interest rate did the account grow? please show me the work.

asked by mark on March 14, 2014
87. 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?

asked by Ryan on February 18, 2013
88. Interest Question

Hi guys, I'm trying to help my son with this question but I just have no idea how to set it up. I know that I=prt, but I don't understand what to plug in here since we are given two bonds. Anita Ramirez owns two bonds, one paying 8.5% interest and the

asked by Samina on January 21, 2009
89. math

Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: \$19,500 at 8% for 2 years. Use ordinary interest as needed.

asked by pauline on June 11, 2018
90. ALGEBRA

Jan plans to invest \$7500, part at 4% simple interest and the rest at 5% simple interest. What is the most that he can invest at 4% and still be guaranteed at least \$325 per year?

asked by SEAN on April 30, 2015
91. help!!!

how would i do this question? Hal invested \$2500 at 4 ¾% simple interest. Determine the accumulated amount when he withdrew the investment at the end of 5 years? This site has a great explanation for figuring simple interest.

asked by Anonymous on July 29, 2006
92. Simple Interest

Hi guys, I'm new here, my name is Markus. Can you help me with one simple question? I think I know what it is, though. If any of guys respond back, thank you! \$300 at 5 annual interest for 7 years. Find the simple interest earned in the account. a. \$214.29

asked by Markus on January 2, 2016
93. math

the total amount of interest on this loan of \$6000 for 150 days is \$210.50. what is the rate of interest on this loan? If not compounded, or simple interest, then Interest=Principal(rateinterest)*time Here time is 5/12 of a year, you are given the interest

asked by Haydee on August 21, 2006
94. algebra

A principal of \$5000 was invested in a savings account for 4 years. If the interest earned for the period was \$400, what was the interest rate? i know this is 1.5 % or at least I think it is but how do i write it out? Use the equation I=Prt, where

asked by confused on May 30, 2007
95. algebra

To buy both a new car and a new house, Tina sought two loans totalling \$319,531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest

asked by Joel on February 22, 2011
96. Math

To buy both a new car and a new house, Tina sought two loans totalling \$319.531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest

asked by Chrissy on January 11, 2012
97. algebra

To buy both a new car and a new house, Tina sought two loans totalling \$260,394. The simple interest rate on the first loan was 3.7%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest

asked by Jack on February 20, 2011
98. algebra

An investor wants to receive \$1,000 dollars annually from two investments. He has put \$4,500 in money market account 4% annual simple interest. How much should he invest in a stock fund that pays 10% annual simple interest to achieve this goal?

asked by Jay on October 20, 2014
99. Intermediate Algebra

To buy both a new car and a new house, Tina sought two loans totalling \$78,825. The simple interest rate on the first loan was 0.2%, while the simple interest rate on the second loan was 5.0%. At the end of the first year, Tina paid a combined interest

asked by Kimberly on July 28, 2011
100. algebra

Dilbert invests a total of \$14,000 in two accounts paying 9% and 15% simple interest, respectively. How much was invested in each account if, after one year, the total interest was \$1,350.00. A) Enter an equation that uses the information as it is given

asked by Tina on October 26, 2015