# Interest

7,770 results

**math**

the total amount of interest on this loan of $6000 for 150 days is $210.50. what is the rate of interest on this loan? If not compounded, or simple interest, then Interest=Principal(rateinterest)*time Here time is 5/12 of a year, you are given the interest and principle. ...

**math**

a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original investment, and r is the fixed rate of interest. If the amount of interest earned is $2.25 and the interest rate is 3%, what is P?

**tax**

Which of the following interest expenses incurred by Amanda is treated as personal interest expense and, therefore, not deductible as an itemized deduction? A. Interest expense on personal credit cards B. Bonds purchased with accrued interest C. Interest on a home mortgage ...

**Algebra II**

An investment service promises to triple your money in 12 years. Assuming continuous compounding of interest, what rate of interest is needed? For the question is it asking me if simple interest or continuously compounded interest is needed? Or Is it asking for a number in the...

**History**

What is the difference between the definition of interest groups and the definition of a political party? A. Interest groups aren’t organized. B. Interest groups don’t raise money. C. Interest groups don’t try to influence government. D. Interest groups don’t focus on ...

**social studies**

1)An interest rate is a special type of? a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a simple interest rate? a. Compound interest rates pay more interest over time b. Compound interest rates are calculated only once a year c. Compound ...

**MATH HELP! Complex Interest**

Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much more? A The account ...

**Lat math question for some days. Can y'all help?**

Huan deposited $850 into a college savings account earning 4.8% interest compounded annually. He also deposited $850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account earned more interest? How much more? A The ...

**Business Math icom 1**

Find the ordinary interest in a loan of Rs.2600 at 10 % simple interest from January 5 to February 10.? Find the present value of Rs.3600 due in 4 months at 6% interest p.a.? At what annual rate percent of interest would Rs.12500 amount Rs.14375 in 2 years & 6 months.? How ...

**accounting**

December Interest on a bank loan is due on January 2nd of the following year: accrue $1,000. How do u record interest expense and interest payable on a journal ledger? Would you record interest expense on the debit side and interest payable on the credit side?

**accounting**

Is the interest on a note receivables recorded if paid prior to the due date? A. Debit to interest expense B. debit to interest payable C. Credit to interest receivable D. Credit interest expense I think it's A since it's before the maturity date.

**math**

You want to explain to your friend that your bank’s interest rate has gone down from 1.2% to 0.3%. Which sentence below has the correct meaning? A)My interest rate has decreased 25%. B)My interest rate has decreased 0.9 percentage points. C)My interest rate is 0.9% of what ...

**math**

Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore interest? How much more? A The account ...

**Word problem**

suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.

**Math**

For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years earned interest of $1260, then how much interest would be earned in 7 years?

**help**

The interest rate on a second mortgage was5 7/8 % last month. This month the interest rate is 7 3/2 %. How many percentage points has the interest rate increased? Are you sure you mean 7 3/2% ? No lender would write an intereest rate that way. Perhaps you typed a numerator or ...

**Accounting**

Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: A.Debit: Cash $4,000...

**Math**

A=P(1+r)^2 A= interest P= principle interest r= interest rate t= time in years If $4500 invested at 7% interest compounded annually yeilds $15600, for how many years was the money invested?

**simple interest and compound interest**

the compound interest on certain sum for the third year and fourth year is rs.1815 and rs 1996.50 respectively. what is the annual rate of interest

**Business mathematics**

A sum of money when invested for a definite period at r% simple interest will yield an interest of rm80 .using the same interest rate, find the interest earned if the sum is tripled and the investment period is doubled

**Math**

Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method.

**math**

Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method.

**finance**

You invest $1,000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. a) How much interest will the saver earn if the interest is left to accumulate? b) How much interest will the ...

**interest**

How much should you invest at 3% simple interest in order to earn $95 interest in 8 months?

**Interest**

How much should you invest at 4.4% simple interest in order to earn $85 interest in 11 months?

**math**

You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?

**Math**

Solve for the interest acured on a 520 investment after 4 years that has an interest rate of 4.9% per year, simple interest.

**Present Value simple interest**

11% interest $186.00 interest paid 140 days what was the orginal amount please show calcualtion

**Math**

How do I find the exact interest on a loan for $3000 with a simple interest annual interest rate of 15% that was made on June 11 and was due on August 11.

**Math**

Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

**Math**

Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

**Math**

Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put in 2400*9*.10 and it equals 2160 so i don't...

**math**

Calculate the amount of interest on a loan of $3,200 at 6% interest for 60 days using the ordinary interest method. A. $3.16 C. $32.00 B. $31.56 D. $384.00 3200x6% divided by 60=32.00 is this correct

**Ordinary Interest**

A loan of $2500 is taken on March 15 and repaid September 15th. The interest rate for the loan was 17.75%. Find the interest using ordinary time and ordinary interest

**math (simple interest)**

Susan collected $1.20 interest after 6 months. What was the amount of her deposit if the bank pays 6% interest? Solve this equation: .06x = $2.40 the answer is 40

**mathematics of investment**

on what day will 8,000 earn 180 interest when invested on April 25, 2002 at 9% simple interest? use ordinary interest and actual time.

**math**

Mr Joyce invested $ 25,000, part at 4% interest and the remainder at 7% interest. The total income he received from his investment was $1,450. How much did he invest at each interest rate? Thank you

**math**

Rachel deposited $6,004 in a savings account with simple interest. Three months later, she had earned $210.14 in interest. What was the interest rate?

**Math**

Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...

**Math Interest Question**

A loan of $8,532 was repaid at the end of 12 months. What size repayment check (principal and interest) was written, if a 9.5% annual rate of interest was charged?

**simple interest**

A total of $12,000 is invested into two simple interest accounts. On one account the annual simple interest rate is 12%, while on the second account the annual interest rate is 18%. How much should be invested at 12% so that the interest earned is the same?

**Math**

Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective interest rate of 7% ?

**math**

Ben is to invest $13 000 for 3 years at 8% p.a with interest paid annually. Find the amount of interest earned by calculating the simple interest for each year separately. I know how to solve this using the normal method, but i don't know how to do it by calculating the ...

**Math**

You visited your local bank. Because of your good credit, they agreed to give you a personal loan, simple interest at a current interest rate of 12.5% APR. you will pay this back in 1 year Interest=prt= Total Payment =Principle +interest = Payment per month= total payment/12=

**Algebra( check my answers)**

1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest? $22 $220 $2200 (my answer...

**Math**

a man borrowed $85,000 of wich he pays a part of at 9% interest and the rest at 12% if his total interest payment is $9300 per year how much did he borrow at each rate of interest ?

**bookkeeping**

what is the july interest ?total purchase is $15,632.16 with a %10 interest rate for 10 months 86.85 88.25 89.93 91.92 my answer is 89.93 what is the first months interest for the following $7659.43 at an interest rate of %11 percent for 6months 50.78 51.49 51.90 54.26 my ...

**Math**

The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve for the interest rate of your credit card, you ...

**Social Studies**

I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a ...

**algebra**

an individual has two low interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is borrowed at each rate

**math**

Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If she borrows $15,000, how much interest would she pay for each loan? Which option requires less interest?

**math**

Lisa deposits $3000 in an account that pays 2% simple interest, and $4000 in a second account which has a higher interest rate but is more risky. What minimum interest rate must she get on the second account in order to earn at least $700 in interest for the year?

**COM155**

Write two paragraphs about how interest rates affect our purchasing decisions. High interest rates make us stop and think, do we need this item? Is it a necessity? When interest rates are high people tend to finance things less. Why pay a lot in interest when you can just save...

**simple interest**

A total of $8000 is deposited into two simple interest accounts. On one account, the annual interest rate is 10%, while on the second account the annual simple interest rate is 12%. How much should be invested in the 10% account so that the total annual interest earned is $900?

**pre algerbra**

susan bought a 6 month $1,700 certificate of deposit.At the end of six months she received $63 simple interest. what annual rate of interest did the certificate pay? In a year then it would be 2 times $63 So $1700 times the rate of interest (we will call it X) will equal the ...

**algebra**

Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the interest on the two investments at the rate of 13%?

**Compound math**

(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if a. simple interest is compound monthly? b. interest is compounded monthly? c. interest is compounded daily?

**algebra**

For a given interest rate, simple interest varies jointly as the principal and time. If $2000 left in an account for 6 years earned interest of $960, then how much interest would be earned in 7 years?

**Finance**

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?

**math**

find the interest paid on a loan $2,200 for three years at a simple interest rate of 9% per year what is the interest on the loan

**Adv. Math**

Ok my last question for this Interest stuff Woo! Ok this is the question: What is the annual interest rate if $1600 is invested for 6 years and $456 in interest is earned?

**compound interest**

1. If you were to place $15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly?

**math**

Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method?

**Math**

When interest is compounded once a year, the formula for compound interest is A=P(1+r)t in the formula, A represents the amount of money after t years, p represents the principal, and interest rate written as a decimal. If p=$500 r=3% and t=2 What is the amount of compound ...

**business math**

. Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?

**simple interest**

a student borrow $12000 at a simple interest rate 4.5% how much interest is owed at the end of 5 years what amount of money must be repaid

**maths**

simple interest and compound interest on what sum will the compound interest at 10% per annum for 3 years compounded annually be Rs 331?

**math**

a sum of Rs.8000 generates Rs.1261 as compounded interest in 03 years interest compounded annually. The rate of compound interest is

**math compound interest**

rigoberto invests $8,000 at 6% interest comp semiannually for 1 year. Use the compound interest formula

**Simple interest**

Find the simple interest earned to the nearest cent for each principal interest rate, and time $500,4%, 2 years

**math**

The total amount of interest on a loan of $6,000 for 150 days is 210.50.Using the ordinary interest method,what is the rate of interest on this loan?Round answer to the nearest hundredth. I know the ordinary interest method is 360 days. My anwser is 8.42% Could someone check ...

**algebra**

Abbi invested $1,200 in a certificate of deposit with a simple interest rate of 2%. Find the interest earned in 9 years. Then find the total of principal plus interest.

**Algebra**

Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then find the total of principal plus interest.

**math**

Jason invested $13700 for 2 years and received $1096.00 in interest. At what rate did he invest if the interest was calculated using the simple interest formula? Use the formula

**math. compounding interest**

regina deposits 3500 in a savings account that pays 7 1/2 % interest , compounded semiannually. how much interest does the account earn in the first 6 months?

**Math**

Find the difference between the simple interest and compound interest on 16000 for 3/2 years at 5 %per annum, compound interest being reckoned half yearly.

**Kirr**

*solve execises by using compounded interest formula Principal $ 700 Time period 8years nominal rate (%) 1.5 Interest compounded monthly Compound amount ? Compounded interest ? *need to find the compound amount and compound interest

**Accounting**

When calculating the times interest earned ratio, you you include "interest expense on debt extinguishment" in the interest expense? Thanks!

**Math**

What is the principle and the interest? A=$2719.50 P= ? r=6.1% t=20 years What is the interest rate? Balance= $3742.50 p=$3000 interest rate= ? t=45 months

**compound interest math**

calculate the compound interest on an investment of $45,000 at 6% interest compounded quarterly fro 3 years

**Math - Pre Algebra**

Simple and Compound Interest Find the simple interest. principal= $870 interest rate= 6% time= 9 months Please help me I need the answer for tommorow.

**finance**

When performing a capital budgeting analysis, interest expense included in the cash flows should be based on the current interest cost and not the historical cost of interest. Comment.

**math**

The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate of interest on this loan? Round to the nearest hundredth.

**algebra**

Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay? simple interest = P × r × t

**math**

The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate of interest on this loan? Round to the nearest hundredth

**Business Math**

Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method. (Round to the nearest whole dollar amount)

**Business math**

John has found a short-term investment opportunity. He can invest $9,000 at 0.75% interest for 21 days. How much interest will he earn on this investment if the interest is compounded daily?

**math**

abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest

**AP Macroeconomics**

3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your after-tax nominal rate is (1 ñ 25%) • 12% = 9%. Since 10% equals .1, we can rewrite the ...

**Algebra**

I have two questions dealing with financial polynomials. $6780 compounding 2.5%interest once a year yields? in interest 5760 compounding 3.5 interest once a year yields? in interest

**math**

If the interest on a sum is compounded quarterly, which of the following is necessarily true? a) The effective rate of interest is same for every year. b) The ratio of interest for the (m + 1) th year to m th year will be same as the ratio of interest for the (n + 1) th year ...

**business math**

tony towing borrows of $12,250 at 9.5% interest for 320 days if bank use exact interest method how much interest will the bank collect? Round to nearest cent

**MATH HELP**

Derrick is investing $1,000 at 5% interest and Anna is investing $750 at 7% interest. Both interest rates are compounded annually. When will they have the same amount saved? (Hint: 1.05t/1.07t =(1.05/1.07)t )

**Mathematics of INVESTMENT**

Q: Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the $2000 account. If the total yearly amount of interest earned on the $8000 account is $459 more than...

**simple interest**

Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays interest.

**SS**

Rohan has 100 dollars that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple interest rate and the ...

**math**

sam invested $5000 in a GIC earning 8% compound interest per year, the interest gets added to the amount invested, so the next year sam gets the interest on the interest already earned , as well as on te original amoun, how much will sam's investment be worth at the end of 10 ...

**accounting**

The Bean Company makes a sale with an invoice price of $97,000 on 10/1/14. The note is due on 10/1/17. There is no interest rate stated in the note. The market rate for similar notes is 10%. Assume annual compounding of interest. Prepare the journal entries for 10/1/14, 12/31/...

**math**

Kerry Stutsman has $500 in a saving account earning .45% interest. She is considering buying a 1-year certificate of deposit (CD) that pays 3.25% interest. What will be the annual difference in her interest earnings between the savings account and the CD?

**Math**

A bank offers two interest account plans. Plan A gives you 6% interest compound annually. Plan B gives you 13% annual simple interest. You plan to invest $2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years? How much will you have ...