Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. application simple interest rate interest principa

Application Simple Interest Rate Interest Principal x Time 4 INTEREST RATE An investment of 6000...

50.1K

Verified Solution

Question

Basic Math

image

Application Simple Interest Rate Interest Principal x Time 4 INTEREST RATE An investment of 6000 paid 540 00 in SIMPLE INTEREST over a 2 year period Calculate the interest rate State your answer as a PERCENTAGE rounded to 1 decimal place 0 045 Knowledge Compound Interest 0 45 4 5 5 Penny Saver purchased a Canada Savings Bond in the amount of 1400 The interest on 84 7 12 For COMPOUND INTEREST A P 1 i 6 Penny Saver purchased a Canada Savings Bond in the amount of 1400 The interest on the bond was 5 7 compounded monthly She has the bond for 7 years What is i 0 457 0 0457 0 00457 7 Penny Saver purchased a Canada Savings Bond in the amount of 1400 The interest on the bond was 5 7 compounded monthly She has the bond for 7 years What is A or the total that the bond is worth after 7 years 3302 45 2053 36 59748 23 8 A car loan payment of 5000 is due in 4 years The bank will accept payment today at a discounted interest rate of 7 interest compounded quarterly If the payment was made today how much it be 3466 81 2981 12

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Card Dealing Let two cards be dealt successively without replacement from a standard 52 card...

Basic Math
Q

Use the Frobenius method to solve: 2xy\"-3y'+y=0. Find index r and recurrence relation. Compute the first...

Advance Math
Q

Potential (Ep) or Kinetic (E) Energy___ A car is traveling 45 mph.___ A rock is...

Physics
Q

une 99999 What is the equivalent Hindu Arabic numeral 3506 Type an integer What is...

Basic Math
Q

Below is a hypothesis test set up by a student who recently took introductory statistics...

Statistics
Q

Evaluate the curve line integral x 2y ds where C C C with C representing...

Calculus
Q

Solve for the length of side c C A b 2 Select one a 2...

Algebra
Q

Solve the system below by using Gauss Jordan Elimination This means convert the system to...

Algebra
Q

0 Farris Corporation, which has only one product, has provided the following data concerning its...

Accounting
Q

Lothrop Consulting Group is a small firm that offers services to two business segments: not-for-profits...

Accounting
Q

help with both questions please This morning you invested $21,800 in an...

Finance
Q

Newkirk, Inc., is an unlevered firm with expected annual earnings before taxes of $22.9 million...

Finance