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Similar Question 1
<p>Connor deposits $200 into an account that earns 6% simple interest annually.</p><p><strong>(a)</strong> Determine the amount of the investment after 1, 2, 3, 4, and 5 years. </p><p><strong>(b)</strong> Identify the first term, <code class='latex inline'>a</code>, and the common difference, <code class='latex inline'>d</code>, of this arithmetic sequence.</p><p><strong>(c)</strong> Write an equation to represent the <code class='latex inline'>n</code>th term of this sequence. What is the significance of the nth term?</p>
Similar Question 2
<p>Determine the simple interest earned on each investment.</p><p><strong>(a)</strong> $450 is deposited for 4 years and earns 6.5% per year simple interest.</p><p><strong>(b)</strong> $750 is deposited for 5 months at 7% per year simple interest.</p><p><strong>(c)</strong> $500 is invested at 4.75% annual simple interest for 35 weeks.</p><p><strong>(d)</strong> $1100 is invested at 7.8% per year, simple interest, for 60 days.</p>
Similar Question 3
<p>Karl borrows $500 for 4 years at an annual simple interest rate of 12913 per year. What is the amount that must be repaid?</p><p>A $60</p><p>B $240</p><p>C $500</p><p>D $740</p>
Similar Questions
Learning Path
L1 Quick Intro to Factoring Trinomial with Leading a
L2 Introduction to Factoring ax^2+bx+c
L3 Factoring ax^2+bx+c, ex1
Now You Try
<p>How much money must be invested at 6.3%/a simple interest to earn $250 in interest each month?</p>
<p>Karl borrows $500 for 4 years at an annual simple interest rate of 12913 per year. What is the amount that must be repaid?</p><p>A $60</p><p>B $240</p><p>C $500</p><p>D $740</p>
<p>The graph represents the total amount of an investment of principle <code class='latex inline'>\$ P</code> earning a fixed rate of simple interest over a period of 5 years. </p><img src="/qimages/2474" /> <ul> <li>State the equation that represents the amount as a function of time. </li> </ul>
<p>Devin wants to borrow $5500 to buy a used car. He is considering two options:</p> <ul> <li>Borrow from the bank at 12.4 % per year simple interest.</li> <li>Borrow from the car deanship at 11 % per year simple interest, plus a $200 administration fee due upon the repayment date.</li> </ul> <hr> <p><strong>(a)</strong> For each option, write an equation to relate the amount, <code class='latex inline'>A</code>, to time, <code class='latex inline'>t</code>, in years.</p><p><strong>(b)</strong> Graph the amount payable versus time for each option on the same set of axes.</p><p><strong>(c)</strong> Which option is the better deal? Explain.</p>
<p>Connor deposits $200 into an account that earns 6% simple interest annually.</p><p><strong>(a)</strong> Determine the amount of the investment after 1, 2, 3, 4, and 5 years. </p><p><strong>(b)</strong> Identify the first term, <code class='latex inline'>a</code>, and the common difference, <code class='latex inline'>d</code>, of this arithmetic sequence.</p><p><strong>(c)</strong> Write an equation to represent the <code class='latex inline'>n</code>th term of this sequence. What is the significance of the nth term?</p>
<p>Determine the simple interest earned on each investment.</p><p><strong>(a)</strong> $450 is deposited for 4 years and earns 6.5% per year simple interest.</p><p><strong>(b)</strong> $750 is deposited for 5 months at 7% per year simple interest.</p><p><strong>(c)</strong> $500 is invested at 4.75% annual simple interest for 35 weeks.</p><p><strong>(d)</strong> $1100 is invested at 7.8% per year, simple interest, for 60 days.</p>
<p>Nina deposits <code class='latex inline'>\$3500</code> into a savings account. The rate of simple interest is <code class='latex inline'>5.5\%/a</code></p> <ul> <li>Determine the amount in her account at the end of each of th first 5 years.</li> </ul>
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