Question: Find the simple interest and the total amount including interest. Principal = $9100 Annual interest rate=4.5% Time= 2 years

Find the simple interest and the total amount including interest. Principal = $9100 Annual interest rate=4.5% Time= 2 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Find the simple interest and the total amount including interest. Principal =5130 Annual interest rate =5% Time=3 years

Q:

Find the simple interest Principal 7000 The amount of simple interest earned is Rate 13 Time 1 12 years Find the simple interest. Principal The amount of simple interest earned is $ Rate 13% Time 1...

Q:

Tony opened a hot dog stand last April. He borrowed $6100 to pay for the stand and startup inventory, and he agreed to pay off the loan in 9 months at 6% simple interest. Find the total amount...

Q:

a year.) Principal 27. $6000 Rate Time 4 3% 1 year 1 year In Exercises 2730, find the simple interest. (Assume 360 days in a year.) Principal Rate Time 27. $6000 3% 28. $8400 5% 6 years 29. $20,000...

Q:

QUESTION 2 2 points Save Answer Find the simple interest earned: Principal is 3,000 Interest Rate is: 3.75% Period of Time: 2 years Simple Interest:? Write your answer in $000.00 Form TTT Arial 3...

Q:

ASAP!! Note: Account A pays simple interest. Future Value A= Principal + Interest = Principal +[( Principal Interest Rate ) Investment Period ] =$2,000+[($2,0006%)3 years ] =5 Future Value of Account...

Q:

INSTRUCTIONS: MULTIPLE CHOICE. What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? * 1:3 1:4 2:3 O Data inadequate Don...

Q:

please show work COMPLETE THE CHART: Work must be shown for full credit. (5 pts) 7. TIME ON MONEY - COMPOUND INTEREST Principal Rate Time Interest Compounding Period(s) Total Amount $2.000 8% 6.5...

Q:

3. COMPLETE THE CHART: Work must be shown for full credit. (5 pts) 7. TIME ON MONEY - COMPOUND INTEREST Principal Rate Time Interest Compounding Period(s) Total Amount $2,000 6.5 years $1346.84 8%...

Q:

Please answer with the formula sheet 6. Valley Rendering, Inc. is considering purchasing a new flotation system for grease recovery. The company can finance a $150,000 system at 5% per year compound...

Q:

Q1) Mat Damon owns an independent bookstore in Dubai. Mat sells merchandise items that has steady demand in his store. One of these items are notebooks, which Mat manages using a continuous review...

Q:

1) Prepare a workpaper using substantive analytical procedures to test the reasonableness of interest expense 2) Downey Inc 2020 income statement shows $1,183,000 of interest expense. To conduct a...

Q:

On what form is child and dependent care reported on and how many dependents were claimed? Multiple Choice Form 2 4 4 1 ; 1 child Form 2 4 4 2 ; 1 Child Form 2 4 4 4 , 2 children Form 2 4 4 1 , 2...

Q:

* * * * * * * Scenario 1 0 9 : Thomas is a 2 5 % partner in a partnership. The partnership incurred a net loss of $ 6 2 0 , 0 0 0 for the year, and Thomas's share of the loss is $ 1 5 5 , 0 0 0 ....