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Andrew invested $1800 in two parts, one at 14% interest and the other ..
Andrew invested $1800 in two parts, one at 14% interest and the other at 8% interest. His total income in one year was $240. How much did he invest at each rate? => 960, 1920 or 1600, 200 or 1550, 250 or 685.71, 200..
What will be the balance in an account after 4 years, if the annual ra..
What will be the balance in an account after 4 years, if the annual rate of interest on a principal of $4000 is 3%? => $4480 or $480 or $4004 or $4960..
Tony borrows $4700 from a bank for a period of 1 year. He finds that h..
Tony borrows $4700 from a bank for a period of 1 year. He finds that he has to repay $5170 . Find the bank's rate of interest. => 10 % or 7% or 8 % or 9%..
Stanley invested $1000 at a rate of 9% interest compounded annually. ..
Stanley invested $1000 at a rate of 9% interest compounded annually. Find the value of her investment after 5 years. => $1545.48 or $1538.62 or $1739.26 or $1678.35..
Jacob is planning to invest $1280. Find the annual interest rate compo..
Jacob is planning to invest $1280 . Find the annual interest rate compounded quarterly which is required to triple his money in 15 years? => 7.4% or 9.6% or 8.7% or 6.5%..
Chris deposited $445 in an account at his school bank, where the rate ..
Chris deposited $445 in an account at his school bank, where the rate of interest is 3.4% per year. Find the balance he withdraws at the end of 2 years, if he gets a simple interest. => $475.26 or $575.26 or $425.26 or $375.26..
Josh invested $5000 in a bank. The balance was $6600 after 8 years. Fi..
Josh invested $5000 in a bank. The balance was $6600 after 8 years. Find the interest rate the bank paid him. => 5% or 6% or 3% or 4%..
Ethan lends $40 to Jeff at an interest rate of only 4% per year compou..
Ethan lends $40 to Jeff at an interest rate of only 4% per year compounded annually. Find the balance that Jeff has to return at the end of 2 years. => $40.20 or $38.20 or $43.20 or $48.20..
Jim deposited some amount in a bank at a rate of 3% compound interest...
Jim deposited some amount in a bank at a rate of 3% compound interest. What was the amount deposited initially, if the balance in his account at the end of 5 years is found to be $3000? => $2826.35 or $2485.45 or $2686.45 or $2586.20..
Henry purchases a new truck for $17,800. Calculate the monthly payment..
Henry purchases a new truck for $17,800. Calculate the monthly payments for a 5 year loan with a down payment of $1500 with the annual interest rate 3%. => $292.89 or $303 or $302 or $301..
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