Exam 7: Simple Interest

Determine the deposit that must be made to earn $49.27 in 325 days at 6%.

Tamiko invested $1500.00 at a bank for eight months at an interest rate of 4 %. Calculate the maturity value of the investment.

Debts of $1480.00 due four months ago and $1385.00 due in one month are to be settled by two equal payments due now and nine months from now respectively. Find the size of the equal payments at 12% p.a. with the agreed focal date now.

Find the present value of a debt of $760.00 ninety-five days before it is due if money is worth 6.25%.

You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is 6.52%. What is the size of the cheque that you write today to pay off all of your debt?

To buy a house, Noah borrowed $24 710 from the bank. If interest was charged on the loan at a 0.84% simple interest rate p.a. how much interest would Noah have to pay after 145 days?

Jake owed Terry $3690 nine months ago and Jake also owed Charles $4008 three months ago. If Jake wanted to repay both of these debts today, determine the single payments that would full repay the debts. Allow for simple interest at 0.8%.

An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest rate is 6%.

How many days did it take for your investment of $4300 to accrue $147 in interest at a rate of 8.12%?

CloudTrust Limited has a monthly payroll of $6 million. They choose to make a short-term investment in an account with a 0.9% rate. At the end of the month, what is the maturity value of the deposit?

In how many months will $4100.00 earn $192.29 interest at 7.5%?

A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?

Determine the principle amount Bruce Wayne must invest if $1485 of interest was earned over 10 months with a rate of 0.6%.

Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively. What single payment is required to pay off the debt today if interest is 6.36%?

What rate of interest is paid if the interest on a loan of $15 000.00 is $2000.00 from January 31, 2014 to May 31, 2014?

Determine the number of days it will take $478.00 to earn $17.09 at %.

Debt payments of $500.00, $1000.00, $1500.00 are due on March 1, May 1, and December 1 of the same year. If interest is 8% calculate the single payment on August 1 of the same year that would replace the three payments.

What sum of money will accumulate to $539.04 in 97 days at 11.4%?

Pablo invested $1965 in a 3-month term deposit at 2.2% p.a. What is the maturity value of this deposit?

Find the maturity value of $1080.00 invested at 3.65% from July 24, 2014 to December 21, 2014.