Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Loans
Personal loans
Vincent borrowed 8000 payable in 3 years with 4% interest per annum compounded quartly
1 answer
i = .04/4 = .01
n = 12
What is the question?
You can
ask a new question
or
answer this question
.
Similar Questions
Levi buys K84000 worth of government bonds for a period of five years. The bonds pay a flat rate of 8.2% p.a. interest, payable
Top answer:
1. To calculate the total amount of interest paid to Levi over the five years, we first need to
Read more.
Mr. X borrowed 8,000 from a bank on compound interest at the rate of 12% per annum for 3 years and loaned it on simple interest
Top answer:
To find the gain or loss of Mr. X in this transaction, we first need to calculate the amount of
Read more.
A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compounded half yearly during the
Top answer:
Yearly interest on a 100,000.00 dollars
Read more.
A sum of money lent at compound interest for 2 years at 20% per annum would fetch 482 more, if the interest was payable half
Top answer:
Let's assume the principal amount is P. If the interest is payable half-yearly, then the interest
Read more.
A person borrowed Rs.500 @ 3% per annum S.I. and Rs.600 @ 4.5% per annum on the agreement that the whole sum will be returned
Top answer:
Interest=PRT/100, I(1) =500*3/100*1 =15 I(2)=600*4.5/100*1 =27,since we are looking for T=time I(r)=
Read more.
Bob places $5,000 in a special account that accumulates interest compounded annually. Assuming no additional deposits or
Top answer:
5000*(1+.085)^4*(1+.0925)^3
Read more.
a sum of Rs.8000 generates Rs.1261 as compounded interest in 03 years interest compounded annually. The rate of compound
Top answer:
P = Po(1+r)^n P = 8000+1261 = 9261. Po = 8000. n = 1comp./yr. * 3 yrs. = 3 Compounding periods. r =
Read more.
Summer money lant a sum of money land at compound interest for 2 years at 20% per annum would fetch 482 more if the interest was
Top answer:
Let's assume the principal amount is P. If the interest is payable annually, the compound interest
Read more.
What are the compound amount and interest at the end of three years if bire 10,000 borrowed at annually interest rate of 8% A
Top answer:
To find the compound amount and interest at the end of three years, we'll use the formula: A = P(1 +
Read more.
When investing money that is compounded annually, which option will earn the most interest?
A interest rate of 8.00% per annum,
Top answer:
To determine which option will earn the most interest, we need to calculate the compounded amount
Read more.
Related Questions
Nazir saved $900 to buy a plasma tv, he borrowed the rest at an interest rate of 18%/a compounded monthy, 2 years later he paid
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of
A person borrow $8000 at 2.76% simple interest per annum.The principal and interest are to be paid in 10 monthly installments.If
An amount of R21 000 is borrowed is borrowed for 3 years at 11% simple interest per year.Calculate how much must be paid back
1. Mr. Thimbrel borrowed $5,600 from the bank at 8.5% per annum simple interest for 6 years. Calculate:
a) The sum of money paid
Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.
(A) the sum of money paid in interest to the
Q:You have borrowed $8000 from the bank. Suppose you want to repay a fixed amount of money for each of the following n years
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12 percent per annum. In how many
years will he owe interest
You have borrowed $8000 from the bank. Suppose you want to repay a fixed amount of money for each of the following n years
Rainer Wandrew borrowed P 50,000.00 from Social Security System, in the form of calamity loan, with interest at 8% compounded