Question 1174629: 1st question:
The principal P 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 360 days in a year
P$15,000 r=9%, t=90 days
2nd question:
The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t
P = $21,000, r = 8.0%, t = 6 years
3rd question:
The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t
P$3000, r=9.0%, t = 6 months
4th question:
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r
P = $3000.00, A = $3540.00, t = 4 years
5th question:
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r
P = $4500.00, A = $4668.75, t = 6 months
6th question:
Determine the present value P you must invest to have the future value A at simple interest rate r after time t
A = $11,000 r = 8.5%, t = 5 years
The present value that must be invested to get $11,000 after years at an interest rate of 8.5% is $
7th question:
Determine the present value P that must be invested to have the future value A at simple interest rate r after time t
A = $2000.00, r = 12.0%, t = 9 months
8th question:
In order to start a small business, a student takes out a simple interest loan for $3000.00 for 6 months at a rate of 10.75%
a. How much interest must the student pay?
b. Find the future value of the loan
9th question:
To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $1080. One month later, you get the guitar back by paying the pawnbroker $1272. What annual interest rate did you pay?
You will pay a simple interest rate of %
10th question:
A bank offers a CD that pays a simple interest rate of 7.5%. How much must you put in this CD now in order to have $40,000 for a home-entertainment center in 4 years.
The present value that must be invested to get $4,000 after 4 years at an interest rate of 7.5% is $
Answer by ikleyn(52756)   (Show Source):
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