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SIMPLE INTEREST 1 600 2 5281.25 3 312.5 7.50% 4 10.000 Jack borrows $10,000 for 9 months at a simple interest rate of 8%. Determine the interest due on the loan. Robin deposits $5000 into a ... savings account that earns 1.25% simple interest. How much will be in the account after 4.5years? $50,000 is loaned for a period of time 6 years 9 months along with the simple interest $25,312.50 charged. Determine the simple interest rate of the loan. Tommy wants to buy a $18,000 car. He has $12,000 in a fund growing at a simple interest rate of 5%. How long will it take for him to save for the car if he doesn't deposit any additional money into the fund? COMPOUND INTEREST sed a new home costing $160,000. Houses in the area are appreciating at a rate of 4% per year (assume annual compounding). If this rate holds steady, what will the value of the house be after 10 years? [Show More]

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