Question: Find the simple interest on a $ 1 0 0 0 investment made for 2 years at an interest rate of 9 % ? year.

Find the simple interest on a $1000 investment made for 2

Find the simple interest on a $1000 investment made for 2 years at an interest rate of 9%? year. What is the accumulated
amount? (Round your answers to the nearest cent.)
simple interest $
accumulated amount $
years at an interest rate of 9%? year. What is the accumulated

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 Accounting Questions!

Q:

1.) Find the simple interest on the loan. $1200 at 7% for 10 years. 2.). Find the total amount due for the simple interest loan. $1100 at 8% for 10 ye 3.) Find the interest rate on a loan charging...

Q:

Topic: Business Mathematics. Answer the following questions. Thank you, so much. 1. 99:49-91?- Answer the following: Find the simple Interest on a loan of P65,000 if the loan is given at a rate of...

Q:

11. find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3 years. 12. Amparo invested a certain amount at 10% simple interest per year. After 2 years, the...

Q:

1) Which one of the following will increase the future value of a lump sum invested today? A B D Decreasing the amount of the lump sum Increasing the rate of interest Paying simple interest rather...

Q:

need to fill In both tax/tax savings rows Periods 1 3% 971 943 915 2 3 4% 962 925 .889 .855 .822 790 4 888 863 837 5% 952 907 .864 .823 784 746 711 677 645 .614 585 557 6% 943 .890 .840 .792 747 .705...

Q:

2/12/2017 Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) WebAssign Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) (Homework) Current Score : 2 / 40 Shadi Hanna MAT230, section MAT230.30 MOD3 2017,...

Q:

Please use the attached file. Thank you 1. ?/1 pointsBerrFinMath1 2.1.001. Find the simple interest on the loan. $1400 at 7% for 10 years. Show My Work (Optional) 2. ?/1 pointsBerrFinMath1 2.1.003....

Q:

Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) WebAssign Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) (Homework) Current Score : 9 / 40 6/19/15, 8:50 AM Alberto Pena MAT230, section MAT230.90 MOD...

Q:

6/12/2016 Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) WebAssign Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) (Homework) Current Score : 20 / 40 Kendra Knuckles MAT230, section MAT230.32 MOD5...

Q:

Find the simple interest on the loan. $1400 at 6% for 10 years. Find the total amount due for the simple interest loan. $1300 at 7% for 10 years. Determine the amount due on the compound interest...

Q:

Sitara & Co. manufactures Part No. F-1700 for use in its assembly operation. The annual requirements are 5,000 units and the cost per unit is as follows. Rs. Direct material Direct labour 20 120...

Q:

OccuLogix, Inc., provides treatments for eye diseases, including age-related macular degeneration (AMD). The company's treatment system, called the RHEO system, consists of an Octonova pump and...

Q:

Question 3 A computer generated a sound halfway between the sounds s and sh , and inserted it into a word. What did poople hear? 5 sh 5 - sh One or the other, depending on the rest of the word

Q:

In 2020, as compared to 1970, most companies are facing increased social pressure to manage their________ impact.

Q:

For the organization, you work for, describe the organization's business model and the part of the industry value chain that it operates on. For some of you (in health care, government or financial...

Q:

O Nominal GDP must be deflated in each year since 1992 to determine real GDP. O The price index is greater than 100 for every year shown on the graph. Nominal GDP cannot be used to determine real...

Q:

Read the case study CRUISE INTERNATIONAL, INC. A VIRTUAL SERVICE CASE and give the following answer: Identify the type of organization CII is and its chief characteristics. Where would CII map in a...

Q:

Nella Corporation, which computes depreciation to the nearest whole month, placed a new piece of equipment in operation on July 1, Year 1. It was expected to produce 400,000 units of product in its...

Q:

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Q:

Is it morally wrong, morally permissible, or morally required for Cynthia to take the new job? Examine Cynthia's choice from a utilitarian point of view. How would Kant and Ross IOOk at her situation?

Q:

Suppose Griffiths and Steffes were not employees of Florida East Coast Railways, but merely lived across the street and guessed what was going on. Could they still be guilty of inslde

Q:

In your view, is insider trading a serious moral problem? Explain wily or why noL ShOIJld we legalize insider trading, as some argue, and simply let different companies decide how they want to deal...