Mathematics, 17.10.2020 23:01 alexkrol10
Can some please help me i'm stuck on these problems. also can you help understand simple interest.
1. A bank is offering 2.5% simple interest on a savings account. If you deposit
$5000, how much interest will you earn in one year?
2. To buy a car, Jessica borrowed $15,000 for 3 years at an annual simple interest
rate of 9%. How much interest will she pay if she pays the entire loan off at the end of the third year? What is the total amount that she will repay?
3. Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in
interest. How long was the money invested?
4. Mr. Johnson borrowed $8000 for 4 years to make home improvements. If he
repaid a total of $10,320, at what interest rate did he borrow the money?
5. John’s parents deposited $1000 into a savings account as a college fund when
he was born. How much will John have in this account after 18 years at a yearly simple interest rate of 3.25%?
6. To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual
simple interest rate of 5%. How much interest will she pay if she pays the entire loan off at the end of the third year? What is the total amount that she will repay?
7. TJ invested $4000 in a bond at a yearly rate of 2%. He earned $200 in interest. How long was the money invested?
8. Mr. Mogi borrowed $9000 for 10 years to make home improvements. If he
repaid a total of $20,000 at what interest rate did he borrow the money?
9. Bertha deposited $1000 into a retirement account when she was 18. How much
will Bertha have in this account after 50 years at a yearly simple interest rate of 7.5%?
10. Joshua borrowed $1000 from his friend and paid him back $1050 in six months.
What simple annual interest did Joshua pay his friend?
Answers: 2
Mathematics, 21.06.2019 20:30
Carley bought a jacket that was discounted 10% off the original price. the expression below represents the discounted price in dollars, based on x, the original price of the jacket.
Answers: 1
Mathematics, 21.06.2019 21:00
Bella want to know what the students at her school think of her show. which is the best group to survey to find this information a. go to the mall and ask all of the students she recognizes from school b. ask her viewers to call in durning an episode of the show c. get a list of students at her school from the office and use a random number generator to pick 30 of them d. get a list of students at her school from the office and pick the first 30 students on the list
Answers: 1
Can some please help me i'm stuck on these problems. also can you help understand simple interest....
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