How much interest will be earned on $5000 in 5 months if the annual simple interest rate

Question:

How much interest will be earned on $5000 in 5 months if the annual simple interest rate is 1.5%?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 16, 2020 03:58 AM

See More Questions

How much interest will be earned on $5000 in five months if the interest rate is 5.5%?
If Tasha begins her contributions at age 45, how much interest will be earned on the contributions if (a) Her contributions are $100 per month? (b) Her contributions are $250 per month?
On January 1, Beth Woods made a single deposit of $ 8,000 in an investment account that earns 8 percent interest. Required: Round answers to two decimal places. 1. Calculate the balance in the...
3. Complete all parts. Let f(x) = I 2+1 on the interval [0, 2). = x 2+1 (a) Explain why the function f(x) on interval [0,2] satisfies the Mean Value Theorem. (b) find all numbers c that satisfy the...
CO2 gas at 300 K and 400 kPa enters a steady state heat exchanger. An equilibrium mixture consists of CO2, O2, and CO exits at 2700 K and 350 kPa. Determine the (a) Composition of CO2 in the exiting...
Divide. (4x +6x +8x+5) (2x+1) Your answer should give the quotient and the remainder.
Why is it important to establish the meaning of talent and talent management in a particular organizational setting?
Diamond Slope Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The companys management predicts that 7,000 skis and 10,000 pounds of carbon fiber will be in inventory on June...
Van Duzer explains that one of the consequences of the Fall on the nature of work is that people are working harder at a faster pace, not being able to take a pause, under the influence of increasing...
1. Use the case information, and the information below, to compute the MRP tables for all items. Are there any problems? Week 1 scheduled receipts:* P0110 650 units POX 1050 units POY 1125 units PIXI...
Two equal payments, 50 days and 150 days after the date of the loan, paid off a $3000 loan at 8.25%. What was the amount of each payment?
What amount received on January 13 is equivalent to $1000 received on the preceding August 12 if money can earn 5.5%?
Viva Vacations operates in Tampa, Florida. The company sells time shares and also manages residential properties that it rents to vacationers. Because of the large dip in the real estate market the...
Fill in the last two columns using the following information: The expected US dollar-South African rand (R) exchange rate in one year's time ( E e $/R ) is $0.076 for one rand. Calculate the...
Suppose that you and your team are managers of a software company. The company is discussing the price of its new version of a software for managing stores in a small state. Since the product is a...
Watch the videos below and read the associated Case Study file included at the bottom of this page. Apply what you've learned about Business Intelligence from this case and the textbook to another...
DO OWN RESEARCH FROM GOOGLE AND ANSWER TH QUESTIONS PROVIDE REFERENCE PLEASEEE I BEGG YOU ANSWER THE QUESTIONS IN OWN LANGUAGE IN BULLET AND POINTS AND WITH THE HELP OF GRAPH MY US STOCKS -...
Eldest sister in the Snews Corporation, which owns and publishes the paper, seems especially pleased. While interviewing Sarah, you sense that the Snews family is considering selling stock on the...
Why is strategic-group analysis important for superior competitive positioning? Discuss.
Test whether the 5-year survival rate for breast cancer is significantly different between African American and Caucasian women who are younger than 50 years of age and have localized disease....
Suppose there are two samples of size 6 and 7, with a rank sum of 58 in the sample of size 6. Using the Wilcoxon rank-sum test, evaluate the significance of the results, assuming there are no ties?...
Answer Problem 9.4 for two samples of size 7 and 10, with a rank sum of 47 in the sample of size 7. Assume there are no ties? Suppose patients are graded on the degree of change in periodontal status...
Answer Problem 9.4 for two samples of size 12 and 15, with a rank sum of 220 in the sample of size 12. Assume there are no ties? Suppose patients are graded on the degree of change in periodontal...
Microblogging is found in Web 2.0. Explain clearly and in detail why microblogging could only exist in, and be a product of, Web 2.0, and not exist in or be a product of Web 1.0.
The brute force algorithm for string matching is given below: ALGORITHM Brute Force String Match(T[0..n-1], P[0..m-1]) //Implements brute-force string matching //Input: An array T[0..n-1] of n...
Below is a 2-3 tree, into which 4 elements were inserted so far. Please insert C,H,X,P and L in this tree in the given order. Show all intermediate steps with your drawings. E RS

How much interest will be earned on $5000 in 5 months if the annual simple interest rate

Question:

Step by Step Answer:

Principal amount P 5000 Rate of interest R 15 per annum Tim...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions