The principal \( P \) is borrowed at a simple interest rate \( r \) for a period of time \( t \). Find the simple interest owed for the use of the money. Assume 365 days in a year. \( P=\$ 2000, r=5 \%, t=1 \) year

3. Mika opened a bank account that earns simple interest with an initial deposit of \( \$ 2,200 \). She made no other transactions throughout the year. At the end of the year, Mika had \( \$ 2,260.50 \) in her account. What was the simple interest rate?

5) Calcular a cuánto asciende el interes simple producido por un capital de \( \$ 25.000 \) pesos invertido durante 4 años a una tasa del \( 6 \% \) anual 6) Calcula el interés simple de un capital de 29.000 invertido durante 89 dias al \( 4 \% \)

A college foundation raises funds by selling 600 raffle tickets for a new car worth \( \$ 46,000 \) at \( \$ 140 \) each. (a) Find the expected net winnings of a person buying one of the tickets. (b) Find the total profit for the foundation, assuming they had to purchase the car. (c) Find the total profit for the foundation, assuming the car was donated. (a) The expected net winnings are \( \$-63.33 \). (Round to the nearest hundredth as needed.) (b) Assuming they had to purchase the car, the total profit for the foundation is \( \$ \) (Simplify your answer.)

2) Hace 4 años se pidio un préstamo de \( \$ 700000 \) y la cantidad iagada al terminar el periodo del préstamo han sido \( \$ 950.000 \) ¿Qué tasa de intere, se le aplico? 3) Después de 3 años, un banco ha paqado en concepto de inter s la cantidad des

\( 1<\begin{array}{l}\text { Suppose someone wants to accumulate } \$ 50,000 \text { for a college fund over the next } 15 \text { years. Determine whether the } \\ \text { following investment plans will allow the person to reach the goal. Assume the compounding and payment periods } \\ \text { are the same. } \\ \text { The person deposits } \$ 80 \text { per month into an account with an APR of } 7 \% \text {. } \\ \text { Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice. } \\ \text { (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places } \\ \text { as needed.) } \\ \text { A. No, because the amount that will be in the college fund, } \$ \square \text {, is less than the goal of } \$ 50,000 \text {. } \\ \text { B. Yes, because the amount that will be in the college fund, } \$ \square \text {, is more than the goal of } \$ 50,000 \text {. }\end{array} \).