Renee wants to invest $8000 in a savings account. Determine the interest rate (simple interest) required for Renee 's investment to double in value in 14 years. Round your answer to the nearest tenth of a percent.

Q: 900 bags of onions were purchased at $2.51 per bag. The desired markup is 49% based on selling…

A: markup %=    (sales price - cost price )/cost price ×100

Q: Marissa paid $195.57 for a printer that she purchased after receiving trade discounts of 23%, 15%,…

A:

Q: A laptop computer is purchased for $1850. After each year, the resale value decreases by 25%. What…

A: A laptop is purchased for $1850. After each year, the resale value decreases by 25%.Let the resale…

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much…

A:

Q: The U.S. Weather Bureau has a station on Mauna Loa in Hawaii that has measured carbon dioxide levels…

A: Level of Carbon Dioxide in 1959 (L1) = 301 parts per million = 301 ppm Level of Carbon Dioxide in…

Q: The price of an electric drill after 35% discount is $ 428.84. What was the regular price? Round…

A:

Q: If Mary bought ribbon at $3.72 per yard and Samuel bought the same ribbon at $3.97 per meter, who…

A: Mary bought ribbon at $3.72 per yard and Samuel bought the same ribbon at $3.97 per meter.  We have…

Q: Kristina wants to invest $4400 in a savings account that pays 6.7% simple interest. How long will it…

A: P=Principle=$4400t=time=?r=interest rate=6.7%=0.067A=final amount=double of…

Q: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

A: Hi! You have posted Finance question under Probability subject. We have answered this time. Next…

Q: Lashonda took out a $6000 loan for 5 months and was charged simple interest. The total interest she…

A: Formula:

Q: Marivic is a sales agent for the High Ace Realty.  She is paid based on commission only .She is…

A:

Q: Mary Branson invested her summer earnings of $5000 in a savings account for college. The account…

A: Soln  Here,  P= $5000                      r = 4.5% = 0.045                      t = 3

Q: Joey buys a football for $20 plus an 8% tax. Eli buys a soccer ball for $15 plus 8% tax. What is…

A: Given data is : Joey buys a football for $20 plus an 8% tax Eli buys a soccer ball for $15 plus 8%…

Q: Your parents bought a car six years ago for $21,000. It depreciated at a rate of 15% per year. How…

A:

Q: At a restaurant, your total bill is $⁢53.95. You wish to give a tip of 15% of the total bill. What…

A:

Q: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

A: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

Q: .Home heating oil is sold by the gallon. Last winter, the Romano family used 370 gallons of oil at a…

A: Last winter Romano family used 370 gallons of oil at price of $2.56 per gallon The expense of last…

Q: An office supply store adds a $2.50 markup to calculators and sells them for $5.95.  What is the…

A:

Q: Solve for the rate (as a %). Round to the nearest tenth of a percent when necessary. $7.30 is what…

A: To find $7.30 is what percent of $58.20.

Q: Due to arid conditions in lettuce­growing areas at the end of 2014, the cost of growing and shipping…

A: Given, The cost of growing and shipping iceberg lettuce to stores was about $1.19.  In certain…

Q: A student received an inheritance from her grandmother of $1000. She places the money in a savings…

A: Simple interest

Q: Chad invested $2,260 for 266 days at a simple interest rate of 2.50% p.a. How much more or less…

A: We will find the solution in the following step.

Q: Find the annual rate of simple interest if R190 amounts to R240.25 after 18 months.

A: the annual rate is 16.95 %

Q: At a restaurant, your total bill is $77.25. You wish to give a tip of 15 % of the total bill. What…

A: Solution

Q: misu sheet, owner of the bedspread shop, knows his customers will pay no more than $130 for a…

A: The sum of the cost price and the mark up is equal to the selling price. It can be written in the…

Q: A purchaser paid $337.50 for a TV that cost the seller $250. If the seller's markup was 35% of the…

A: Given purchases paid $337.50. Tv cost the seller $250.

Q: Sam loaned $15,000 to his brother to make a down payment on a new home. Five years later, he paid…

A:

Q: Barbara​'s regular hourly rate is $11.98 per hour. She is paid​ time-and-a-half for overtime work.…

A: Person B's regular rate is $11.98 per hour. Person B is paid time-and-a-half for overtime work.…

Q: Students at East Central High School earned $680 selling candles. They want to make $4,360 for a…

A: Percent of their goal=6804360×100                             =1700109…

Q: Murphy's annual income has increased by 10% per year for the last 8 years. If Murphy's annual income…

A:

Q: Celine wishes to retire at age 67 with $⁢1,700,000 in her retirement account. When she turns 22, she…

A:

Q: Solve for the rate (as a %). Round to the nearest tenth of a percent when necessary. $7.40 is what…

A:

Q: The stock price for DGY was $42.61 in February. In March the stock had increased by 9%, but in April…

A: Stock price in March will be calculated using stock price of February. Stock price in April will be…

Q: Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much more or less…

A:

Q: Luis purchased a laptop computer that was marked down by of the original price. What fractional part…

A:

Q: You want to buy a fixer upper home. The owners are asking $25000 for the home. If the mortgage…

A: We have to find money given by company

Q: Marissa paid $300.66 for a printer that she purchased after receiving trade discounts of 10%, 5%,…

A:

Q: Sam loans Pam $971 for 30 months. If the annual interest rate on the loan is 8.6%, how much total…

A: Given that:   The interest rate is given by the formulas: I=PRT100Where"P" is principal amount, "R"…

Q: Cora's kitten weighs 1,200 grams. If he weighed 550 grams at the last visit to the veterinarian's…

A: To find the percentage increase

Q: Bill took out a 10 year loan to buy a car. If the loan carried an annual interest rate of 4.3% and…

A: From the given information we find total interest to pay EMI = P × r × (1 + r)n/((1 + r)n - 1

Q: Mike Branson invested his summer earnings of $5000 in a savings account for college. The account…

A:

Q: A recipe calls for 4 pounds 10 ounces of sliced onions. Onions are purchased by the pound for $0.69…

A: Given :A recipe calls for 4 pounds 10 ounces of sliced onions. Onions are purchased by the pound for…

Q: Sales of frozen pizza for a club fund raiser increased from 500 one year to 695 the next year. What…

A:

Q: Sandra started the year with 20 rabbits. At the end of the year, she had 48 rabbits. What is the…

A: Initial number of rabbits, ni = 20 Final number of rabbits, nf = 48 To evaluate : The percent…

Q: ames is building a rectangular fire pit. He dug a hole 20 inches by 20 inches. He decides to make…

A: given: James is building a rectangular fire pit. He dug a hole 20 inches by 20inches. he decides to…

Q: laptop computer is purchased for  $2350 . After each year, the resale value decreases by  35% .…

A:

Q: Tracy paid $160 for an item that was originally priced at $560. What percent of the original price…

A:

Q: At a sale this week, a desk is being sold for $475. This is 76% of the original price. What is the…

A: