Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Compound Interest
Calculate the compound interest on investing $600 for 3 years at 7% per annum.
1 answer
600(1.07^3 - 1) = ____
You can
ask a new question
or
answer this question
.
Related Questions
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 credit union pays 8% per annum compound interest on all fixed deposits . A customer deposited $24000 in an account . Calculate
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
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
calculate the compound interest on investing $600 for 2 years at 7% per annum
Angel wants to invest $7,000 for 3 years. He has two investing options.
Option 1: Investing with a 15% simple interest rate
Find the difference between the simple interest and compound interest on 16000 for 3/2 years at 5 %per annum, compound interest
Find the best balance after investing $12,000 for a period of 7 years at two different interest earning types: simple interest
Find the best balance after investing $12,000 for a period of 7 years at two different interest earning types: simple interest
Find the best balance after investing $12,000 for a period of 7
years at two different interest earning types: simple interest at
