Friday

March 27, 2015

March 27, 2015

Posted by **Anonymous** on Saturday, July 9, 2011 at 7:55pm.

- Business math -
**Ms. Sue**, Saturday, July 9, 2011 at 7:56pmWhat handbook???

- Business math -
**Anonymous**, Saturday, July 9, 2011 at 8:04pmThe formula for compound interest is:

A = P(1 + r/n)^(nt), where A is the total amount, P is the principal, t is the time in years, r is the interest rate, and n is how many times a year it is compounded.

A = 21,500(1 + 0.06/2)^(2*6)

Solve from there.

- Business math -
**Cindy**, Monday, October 22, 2012 at 6:54pmHe borrowed $500 for seven months and paid 53.96 in interest. what was the rate of interest?

- Business math -
**bob**, Monday, October 27, 2014 at 4:12pm22

**Answer this Question**

**Related Questions**

Math - Roiger made deposits of $900 semiannually to the bank, which pays 6% ...

Math - If you deposit $900 semiannually in a bank which pays 6% interest ...

Business Math - Shelley Katz deposited $30,000 in a savings account at 5% ...

Business Math - 2. The interest on $6,000 at 6 percent compounded semiannually ...

math - Sam opened a money-market account that pays 2% simple interest. He ...

Math - Joe Diamond deposited $9,000 into the Rong Bank that pays 12 percent ...

Math - Sam gets deposits a total of $3500 every three months to the bank which ...

Business Math - 7. By using the table in the handbook, the present value of $12,...

geometry - A person deposits $500.00 into a savings account and pays 5% annual ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...