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Mathematics
Finance
Compound Interest
Calculate the amount of interest earned in 10 years on $1000 invested at 3.00% per annum, compunded annually?
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Calculate the amount of interest earned in 10 years on 1000.00 invested at 3.00% per annum, compounded monthly.
Top answer:
P = Po(1+r)^n Po = $1000. r = (3%/12)/100% = 0.0025 = Monthly % rate expressed as a decimal. n =
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Calculate the amount of interest earned in 10 years on $1000.00 invested at 3.00% per annum, compounded monthly.
Top answer:
1000(1+.03/12)^(12*10) - 1000
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Calculate the amount of interest earned in 10 years on $1000 invested at 3% per annum, compounded monthly.
how to solve please
Top answer:
I will assume you are familiar with the basic compound interest formulas i = .03/12 = .0025 n =
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Q1)The length of time for $5000 to earn $1000 if invested at 10% per annum
AND Q2)Khalid invests $6750 at 8.5% per annum.How much
Top answer:
Q1)principle:$5000 Rate : 10% S.I = $1000 Therefore length of time = S.I x 100 divided by Principle
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1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will
Top answer:
Interest = Principal * Rate * Time
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If N$20,000 has been invested for the last 3 years at 6% per annum simple interest, what is the total amount invested to-date
Top answer:
i = Prt now plug in your numbers
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If an amount of Rs 10,000/- is invested at a simple interest of 12% per annum, how much it will become at the end of 5 years ?
Top answer:
simple: 10000(1+.12*5) compound: 10000(1+.10)^5 evaluate and compare.
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5. Calculate the compound interest earned when $15,000 is invested for 6 years at 7% per annum.
Top answer:
To calculate the compound interest earned, we can use the formula: A = P(1 + r/n)^(nt) where: A =
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8.Mary invested RM3000 in two accounts, some at 12% per annum and the rest at 8 percent per annum.Her total interest for one
Top answer:
8. amount invested at 12% -- x amount invested at 8% --- 3000-x .12x + .08(3000-x) = 3200 times 100
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What amount should be invested today so that there will be $5000 in an account in 10 years, if interest is earned at a rate of
Top answer:
Do you have any answer choices that goes to the question?
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