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Interest Calculation
Page 4
Questions (836)
How do Federal Reserve banks, as well as the federal government, typically calculate simple interest?
A. Using 31 days in each
3 answers
asked by
debbie
3,495 views
On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact
4 answers
asked by
Ashley
1,347 views
Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on
4 answers
asked by
amy
2,822 views
An investment of $2500 is made at an annual interest rate of 5.5% .How much additional money must be invested at an annual
4 answers
asked by
Marcela Minoza
1,807 views
An investment adviser invested $14,000 in two accounts. One investment earned 7% annual simple interest, and the other
4 answers
asked by
Emmett
1,210 views
Suppose you deposit $10,000 into an account earning 3.5% interest
compounded quarterly. After n quarters the balance in the
3 answers
asked by
bob
1,405 views
Suppose $500 is deposited into an account that earns 6.5% annual interest and no more deposits or withdrawals are made.o
What is
3 answers
asked by
Ibra
1,695 views
Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $105.50.
3 answers
asked by
erica
640 views
Calculate the interest and the total amount.
a)a loan of $1750 at a 4.8% for over five years. b)an investment of 1500 at 3% per
4 answers
asked by
Annadona
1,398 views
suppose you invest a certain amount of money n an account that pays 11% interest annually, and 4000 more than that in an account
3 answers
asked by
Anonymous
1,371 views
Michelle needs to save $7,000 for school in the next two years. She found a bank that offers a 9% interest rate compounded
3 answers
asked by
Latoya Porter
765 views
Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the
3 answers
asked by
tony
1,123 views
Help!
Toshiro Hashimoto invested some money at 4.5% simple interest and $1000 more than four times the amount at 6%. His total
3 answers
asked by
Joel
1,283 views
What would be the difference at the end of one year between the simple interest earned on a deposit of $450 at 4.5% and the
3 answers
asked by
tledet24
843 views
Calculate the maturity value for an interest-bearing note of $28,500 for 118 days at 8%.
3 answers
asked by
Anonymous
3,945 views
What sum of money lent at 25/2% per annum will produce the same interest in 4 years as ₹ 8560 produces in 5 years at 12% per
4 answers
asked by
Dev
1,944 views
On September 20, Jody Jansen went to Sunshine Bank to borrow $3,900 at 5% interest. Jody plans to repay the loan on January 27.
3 answers
asked by
Ekanki
1,711 views
Steve Perry borrowed $80,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of
3 answers
asked by
Grace
229 views
Find the amount of time.
I = $10, P = $100, r = 2% Group of answer choices 2. Find the annual interest rate. I = $40, P = $500, t
3 answers
asked by
jasmine
494 views
A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded annually.
Write an
3 answers
asked by
Kiersten
583 views
An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interest. If no additional investment is made
4 answers
asked by
Anonymous
994 views
Max Wholesaler borrowed $5000 on a 12%, 120-day note. After 45 days, Max paid $1750 on the note. Thirty days later, Max paid an
3 answers
asked by
Shelley
1,564 views
A vendor borrowed $7,500 from their cooperative at 8% a year. If he paid at the end of 1 1/2 years, how much in all did he pay?
I
3 answers
asked by
Joms
612 views
Tom deposits
$800 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the
3 answers
asked by
maria
2,384 views
Sheet Metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan. The original
4 answers
asked by
Jen
1,396 views
You deposit $300 each month into an account earning 8% interest compounded monthly.
a) How much will you have in the account in
3 answers
asked by
Anonymous
947 views
Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually.
3 answers
asked by
Shelby
40 views
Josh is buying a RV and is taking out a loan in the amount of $20,000. His choices for the loan are a 5-year loan at 6.00%
3 answers
asked by
Lettuce?
59 views
regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the
4 answers
asked by
Anonymous
1,348 views
To borrow $2,200, you are offered an add-on interest loan at 10.2 percent with 12 monthly payments
Equal payment Compute the EAR
3 answers
asked by
Anonymous
478 views
Nico is saving money for his college education. He invests some money at 8%, and $1900 less than that amount at 7%. The
4 answers
asked by
G
1,584 views
Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If
4 answers
asked by
Ali
1,709 views
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method
3 answers
asked by
Anonymous
1,205 views
Calculate the interest due on the following credit card balances:
A. An unpaid balance of $1629.53 at a rate of 19.50% for 21
4 answers
asked by
PinkFloyd
1,396 views
Calculate the interest due on the following credit card balances:
A) An unpaid balance of $1629.53 at a rate of 19.50% for 21
3 answers
asked by
Eeyore
911 views
Using the exact interest method (365 days), find the amount of interest on the following loan
Principal Rate (%) Time (days)
4 answers
asked by
Anonymous
1,052 views
Ryan has an eight-year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the
6 answers
asked by
bella
1,851 views
Jamal has invested 5000.00 in an account that earns 2.50% interest per annum for a term of 10 years.
a) how much interest will he
5 answers
asked by
Donald Trump
1,267 views
Joe Diamond deposited $9,000 into the Rong Bank that pays 12 percent interest, compounded quarterly. Calculate the amount Joe
3 answers
asked by
Anonymous
1,840 views
Suppose that 2000 is loaned at a rate of 9% , compounded semiannually. Assuming that no payments are made, find the amount owed
4 answers
asked by
Anonymous
1,586 views
You deposit $1000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest compounded quarterly. By how much
4 answers
asked by
Karen
1,541 views
Calculate the simple interest on a R5000 loan for 3years at9%interest
2 answers
asked by
Bonokuhle
178 views
Question 1
Find the interest. All rates are annual interest rates. Principal $400 Rate 5% Time 1 year Incorrect answer A. $10
4 answers
asked by
nevaeh
919 views
Mr. Wilson invested money in two accounts. His total investment was $30,000. If one account pays 3% in interest and the other
2 answers
asked by
jo
939 views
John has $80 in a savings account that earns 55% annually. The interest is not compounded. How much interest will John earn in 2
2 answers
asked by
Muhammad Taha Abbasi bin saeedullah Abbasi
1,319 views
Find the value of 10000 in 10 years. The investment earns 8% for four years and then earns 4% for the remaining six years
4 answers
asked by
Emma
652 views
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both
3 answers
asked by
pauline
1,243 views
Katherine uses her credit card to purchase a new television for $709.15. She can pay off up to $350 per month. The card has an
4 answers
asked by
Steve
2,527 views
Using the average daily balance method and the information given, find the credit card finance charge for the month of
3 answers
asked by
Derek
627 views
you have a savings account that offers an annual simple interest rat of5% you put $350 into the account select the graph showing
3 answers
asked by
nicky
1,568 views
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