Part 2 Assignment (6 problems) Use simple interest to find the ending balance!
1. If I invest $210 at 8% for 7 years. What is my ending balance?

I
2. If I invest $14,000 at 6% for 9 years. What is my ending balance?

3. If I invest $1,900 at 5.9% for 2.75 years. What is my ending balance?

1. $327.60

2. $21,560.00

3. $2,208.28

Step-by-step explanation:

The formula for simple interest is:

I = Prt

where

I = amount of interest

P = principal amount

r = annual interest rate

t = number of years

The total future amount after earning simple interest is the principal polus the interest.

F = P + Prt

F = P(1 + rt)

1.

F = P(1 + rt)

F = $210(1 + 0.08 * 7)

F = $327.60

2.

F = P(1 + rt)

F = $14,000(1 + 0.06 * 9)

F = $21,560.00

3.

F = P(1 + rt)

F = $1,900(1 + 0.059 * 2.75)

F = $2,208.28

1. $327.60

2. $21,560.00

3. $2,208.28

Step-by-step explanation:

The formula for simple interest is:

I = Prt

Shows us;

I = amount of interest

P = principal amount

r = annual interest rate

t = number of years

Calculating Present and Future value investments to find the balance;

F = P + Prt

F = P(1 + rt)

1.

F = P(1 + rt)

F = $210(1+ (0.08 * 7)

F = $327.60

2.

F = P(1 + rt)

F = $14,000(1+ (0.06 * 9)

F = $21,560.00

3.

F = P(1 + rt)

F = $1,900(1+ (0.059 * 2.75)

F = $2,208.28

answer: sorry i can't you.

step-by-step explanation:

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98