interest rates per annum

Matt borrows $6000 and clears his debt by paying $7000 after 4 months. Find the rate of interest charged per annum. The problem can be solved by ________. => Using a matrix or Using a rational equation or Applying a formula or None of the above..

Edward invested part of his savings at 2% simple interest per annum and half this amount at 4% simple interest per annum. He wants to earn a total annual interest of at most $200. Write an equation or an inequality to find the greatest possible amou..

Find the simple interest received by John, if he deposits $440 for a period of 3 years at an interest rate of 5%. => $67 or $65 or $68 or $66..

Find the simple interest on a principal of $430 for a period of 3 years at an interest rate of 3%. => $37.70 or $40.70 or $39.70 or $38.70..

Joe invested $7,400, part at an annual interest rate of 4% and the rest at 5%. He received a total annual interest of $350. How much did he invest at each rate? => $3,000, $7,435 or $4,050, $7,420 or $2,000, $5,400 or $3,025, $7,460..

Find the simple interest for 3 years at a rate of 5% on $200. => $60 or $90 or $30 or None of the above..

Tanya deposited $300 in her savings account. The rate of simple interest is 4% per year. Find the balance at the end of four years. => $48 or 1600 or $348 or 116..

Jim deposits $300 in a savings account at an interest rate of 2% per year. Find the interest earned in 4 months. => $20 or $2 or $4 or $5..

An amount becomes $1500 in 3 years and $6000 in 4 years on compound interest. Find the rate of interest. => 4% or 3% or 2% or 5%..

Victor borrows $2700 from his friend to buy a car. The annual interest rate is 9.5%. How much interest should he pay his friend after one year? => $27 or $356.50 or $266.50 or $256.50..