How much simple interest does $2,560 earn in 17 months at a rate of 1 1/8 %
Question:
How much simple interest does $2,560 earn in 17 months at a rate of 11/8 % ? Round to the nearest cent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
The interest earned will be equal to 4030 What is s...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Round each monetary amount to the nearest cent or dollar as indicated. 1. $14,769.52, to the nearest dollar 2. $0.7633, to the nearest cent
-
A worker is shoveling sand at a rate of 8 kcal/min. How much rest does he during an 8 hour shift. How should the rest be allocated?
-
A closed system receives heat at a rate of 2 kW from a source at 1000 K, electrical power at a rate of 2 kW and shaft power at a rate of 2 kW. Determine the net rate of (a) Energy transfer and (b)...
-
Three Zero Coupon Bonds (ZCB) are issued on the market. They each have face value of 100 and maturity, respectively, of 1 year, 3 years and 4 years. Assume the first bond is sold for 99.01, the...
-
Show that the following tree is not arbitrage- free. Time 0 Time 1 Zero-Coupon Bond Prices B(1,3) 0.9167 B(1,2 0.9620 (Up" state) (0)-0.3 B (0,3) 0.83 B(0,2)-0.93R(O)0.0309 B(0,1) 0.97 B(1,3)0.8977...
-
Stress on the Shin Bone. Compressive strength of our bones is important in everyday life. Young's modulus for bone is about 1.4 X 10 l0 Pa. Bone can take only about a 1.0% change in its length before...
-
On August 31, Pro Tennis Equipment had a $150,000 debit balance in Accounts Receivable. During September, Pro Tennis Equipment had the following transactions: Sales of $500,000, all on credit. ...
-
Grey Brothers Consulting has issued a report recommending changes for its newest manufacturing client, Energy Motors. Energy Motors currently manufactures a single product, which is sold and...
-
HOW fast is the world economy growing? How important is China as an engine of growth? How much richer is the average person in America than in China? The answers to these huge questions depend...
-
Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis.
-
On May 29, Rocky had an opening balance of x dollars in an account that pays 1.3% interest, compounded daily. He deposits y dollars. Express his ending balance on May 30 algebraically.
-
Company has just received the August 31, 2012, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of August. Deposits in transit...
-
Use a substitution and partial fraction decomposition to express in terms of e x . x e2x + et - 2
-
Aubrey Beck is single, covered by an employer retirement plan, and she contributed $4,000 to a new Roth IRA on June 16, 2023. On December 29, 2023, she determines that her 2023 modified AGI will...
-
Sandra would like to organize LAB ( a legal corporation ) as either an S corporation or a C corporation for tax purposes. In either form, the entity is expected to generate an 8 percent annual before...
-
Banana Tree is a stable firm operating in a matured industry. The firm is currently financed with $1,806 million (market value) of bonds with a yield of 8.5% that mature next day. It has 100 million...
-
1. Which types of globulins are present in the blood? A) alpha and gamma B) beta and gamma C) alpha and beta D) alpha, beta, and gamma 2. Which type of globulin refers to antibodies? A) beta B) alpha...
-
Chaz Corporation has taxable income in 2 0 2 3 of $ 1 , 3 1 2 , 0 5 0 for purposes of computing the 1 7 9 expense and acquired the following assets during the year: Asset Placed in Service Basis...
-
Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credit sales of $750,000 generate a gross profit of $250,000. Calculate the...
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
Interpret the quote in the context of what you learned.
-
Gino has a debit card. The account pays no interest. He keeps track of his purchases and deposits in this debit card register. Find the missing entries a-f. YMENT 8/4 Baseball Bat 92 1 9219 a. 51.00...
-
Ron did not pay his credit card bill in full last month. He wants to pay it in full this month. On this month's bill, there is a mistake in the average daily balance. The credit card company lists...
-
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: Income statement information Net sales Net income Balance sheet information Current assets Property,...
-
A bond with face value of $1,000 has annual coupons, promised coupon rate of 8%, and 5 years to maturity. Investors require an expected return of 5% from this bond. The probability of default is 2%...
-
How does the increasing influence of technology on governance and civic participation affect democratic processes, and what safeguards are necessary to ensure that technology enhances rather than...
Study smarter with the SolutionInn App