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
  4. 7th grade math

    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
  5. 7th grade math

    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

    asked by Chad on November 4, 2017
  22. Business Math icom 1

    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
  28. business 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. 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
  30. business 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. 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
  34. Dont I need more info for this Math problem??

    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 $720​, 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:

    asked by PleaseCheckMyAnswer on March 31, 2016
  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