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Hi,
Neat work!
#7827. Jacob has taken a loan of $20,500 at 10% simple interest. He pays $21,500 at the end of 2nd year. How much should he pay if he wants to clear his debt at the end of the third year?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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Hi,
Neat work!
#7828. Two equal sum were lent out at 7% and 5% simple interest. The interest earned on the two loans add up to $960 for four years. Find the total sum lent out.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7929. How much will a sum of $12,000 deposited at the rate of 9% per annum simple interest for 13 years amount to?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7930. What would be the compound interest obtained on an amount of $7,790 at the rate of 10% per annum after two years compounded annually?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7931. The simple interest accrued in 2 years on a principal of $24,000 is one-eighth of the principal. What is the simple interest per annum?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Good work!
#7932. In how many years will $4400 amount to $5984 at 4 % per annum simple interest?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Excellent!
#7933. Smith deposited $5000 at 10% simple interest for 2 years. How much more money will Smith have in his account at the end of two years, if it is compounded half-yearly?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Excellent!
#7934. An article is sold for $600 or $100 cash down along with 3 equal instalments. If the rate of interest charged is 10% per annum, then find the monthly instalment.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Excellent!
#7935. The difference between simple interest earned by Bevan and Herbert is $48 on $12,000 for 2 years. What is the difference in the rate of simple interest charged?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7936. The difference in interests on a certain sum at 15% per annum for 6 years and 20% per annum for 4 years is $345.50. Find the sum.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7937. Jackie invested $12000 in a bank at 15% per annum compound interest. He pays 40% of his income from interest to a charitable trust every year. How much money does Jackie have after 4 years?
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Excellent!
#7938.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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Hi,
Neat work!
#7939.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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