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Interest Calculation
Page 5
Questions (836)
A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after 4 years?
4 answers
asked by
Mia
2,017 views
Suppose that $17,000 is invested in a savings account paying 5.1% interest per year.
(a) Write the formula for the amount A in
4 answers
asked by
Fay
2,151 views
Find the ordinary interest to the nearest cent.
$19,000 at 12% for 101 days
3 answers
asked by
David
949 views
A total of $7000 is invested in three accounts. Some was invested at 6%, some at 8%, and the rest at 9%. find the amount
3 answers
asked by
Diego
1,366 views
Find the exact interest on a loan of $32,400 at 7% annually for 30 days.
4 answers
asked by
Anonymous
906 views
Find the interest due to the bank on a loan of $1,000 at 7.5% for 280 days.
7 answers
asked by
Anonymous
2,881 views
Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the
4 answers
asked by
Casi Danielle'
1,355 views
find the exact amount of interest to be for accumulated 25000 at 81/4% for 60 days?
3 answers
asked by
deca
331 views
Another bank offers a different savings rate. If an account with $400 earns interest of $6, how much interest is earned by an
3 answers
asked by
Anonymous
1,021 views
A simple interest calculation provides a useful estimate of what compound interest will be if(a) the dollar amount is small.(b)
6 answers
asked by
regina
3,077 views
Suppose you see a car with an advertised price of $28,550 at $614.45 per month for 5 years. What is the amount of interest paid?
3 answers
asked by
Rose
1,362 views
A loan of 12,000 was borrowed from a bank at 14% per annum.
Calculate the interest of the loan at the end of the first year. And
3 answers
asked by
Sam 101
1,121 views
Joyce took out a loan for $21,900 at 12 percent on March 18, 2007, which will be due on January 9, 2008. Using ordinary
3 answers
asked by
Bob
535 views
how long will it to earn $525 in interest if 3500. is invested at 65 apr?
4 answers
asked by
Conor
433 views
Anne now has a balance of $900 on her credit card, on which 1.5% interest per month is charged. Assume that she makes no further
3 answers
asked by
Anonymous
761 views
a total of $ 14,000 is invested in two funds paying 4% and 5% annual interest. The combined interest is $620 a)write a system of
2 answers
asked by
LAnae
610 views
A bank has loaned out $750,000, part of it at 5% per annum and the rest of it at 8% per annum. If the bank receives $52,500 in
3 answers
asked by
Jasmine
729 views
Janet invested $6,000, part at 14% and part at 13%. IF the total interest at the end of year is $820, how much did she invest at
3 answers
asked by
bjb
512 views
If Serena would like to have 3,000 altogether. If the interest rate is 5%, in how many years will she have 3,000?
1 answer
asked by
Nalyah
304 views
Find the final amount of money in an account if
$8200 is deposited at 7% interest compounded quarterly (every 3 months) and the
1 answer
asked by
aly
456 views
Find the effective rate of interest corresponding to the nominal rate of 8% p.a. if it is converted to half yearly
3 answers
asked by
Manisha yadav
1,740 views
A owes $3000 now and $2000 in 4 months. After re-arrangement of payments, he
agreed to pay $X in 6 months and $2X in 8 months
4 answers
asked by
nATE
341 views
Jeremiah opened a savings account with a one time deposit of $500. His savings account will pay a 5% simple interest per year.
7 answers
asked by
Anonymous
1,474 views
Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings accounts. She decides to deposit
4 answers
asked by
Zoe
1,093 views
Anna borrowed #120,000 for 2yrs to finance her building project if the interest charged was #10,000(a)find the amount that she
3 answers
asked by
Anonymous
283 views
The equation I=Prt gives the amount of interest a bank account receives after a certain period. An individual invests $6,000
3 answers
asked by
lizzy
720 views
Mr. Wilson invested money in two accounts. His total investment was $30,000. If one account pays 7% in interest and the other
1 answer
asked by
rad
422 views
Find the interest earned if RM 7,500 is invested for six years 6.4% compounded quarterly.
4 answers
asked by
chun
900 views
Legitimate Financial Services made a loan at 9.75% interest for 254 days. If the amount of interest was $270.50, use the exact
3 answers
asked by
Stephanie Lintow
1,347 views
how much did you invest if you earned $131.60 in interest at a rate of 4% for seven years?
3 answers
asked by
Kate
344 views
Carmen invests a total of $5200. Some of the money is invested at 8%. The rest is invested at 10%. If Carmen earned $496 of
2 answers
asked by
Tom
574 views
Find the interest. Round to the nearest cent.
$1850 at 8% for 14 months
3 answers
asked by
Anonymous
1,794 views
yash invest 1200 in scheme A ,which offers a compd interest at rate of 20% for 2 yrs.he invested a certain sum in scheme B which
3 answers
asked by
arun
600 views
sum of money borrowed at a particular rate of interest amounts of Rs 8320 in 2years and Rs 9685 in 3 and half years.Find the sum
4 answers
asked by
Netra
965 views
Mrs. Renu wants to deposit a regular amount at the beginning of each quarter for 3 years. The bank pays interest @ 8% per annum.
1 answer
asked by
Sonu
419 views
Mr.Zia borrows rs .25,000today with interest at 12%compounded annually .he agrees to pay rs.20,000 two years from today and the
3 answers
asked by
Ahana malik
947 views
Amy Koy met Pat Quin on September 8 at Queen Bank. After talking with Pat, Amy decided she would like to consider a $9,000 loan
3 answers
asked by
Maria Taylor
1,824 views
Suppose you deposit $600 in a savings account. The interest rate is 4% per year. Find the principal balance in the account after
2 answers
asked by
isaiah
828 views
Ben deposits $400 into an account that earns 5% interest compounded annually. Sam deposits the same amount into an account that
2 answers
asked by
mike
1,126 views
To buy furniture for a new apartment Brian Jones borrowed $4000 at 13% simple interest for 10 months . How much interest will he
1 answer
asked by
Terri
455 views
Using the formula, compute the true annual interest rate.
Loan amount = $9,500 Monthly payments = $227.50 Time of loan contract =
3 answers
asked by
angel
1,608 views
Michael invested a certain amount of money at 3% interest and $750 more than that amount at 5%. His total yearly interest was
4 answers
asked by
winsome
1,069 views
Given an interest rate of 7.2 percent per year, what is the value at Year 9 of a perpetual stream of $3,950 payments that begin
2 answers
asked by
Paula
699 views
The amount required to settle a $680 debt after 300 days was $730.30. What rate of interest was charged on the debt?
3 answers
asked by
Areeb
462 views
A man invest $12000 in two accounts.If one account pays 10% per year and the other pays 7% per year, how much was invested in
4 answers
asked by
anju
685 views
$1200 is invested at 6%p.a. for 42 months
how much interest is earned after 2 years?
3 answers
asked by
yara
638 views
If you place $2,000.00 in a savings account with an interest rate of 4.5%/month versus an account with a rate of 3.75%/month,
3 answers
asked by
dylan
849 views
If you place $1000 in a savings account with an interest rate of 5.25% a month how much should you earn an interest at the end
4 answers
asked by
Dylan
1,398 views
Jennifer Rick went to Sunshine Bank to borrow $3,500 at a rate of 10¾%. The date of the loan was September 7. Jennifer hoped to
2 answers
asked by
ashley
601 views
You have borrowed $135,000 from the bank today. You are required to repay this money over the next six years by making monthly
3 answers
asked by
Nancy
1,872 views
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