Tuesday
November 25, 2014

Search: Interest

Number of results: 6,029

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. ...
August 21, 2006 by Haydee

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?
February 14, 2013 by sherry

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 ...
March 7, 2012 by Andy

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...
May 25, 2010 by Anonymous

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.
June 20, 2014 by Deb

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 it ...
May 9, 2013 by jordan

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 ...
November 17, 2014 by mr.E

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.
July 27, 2007 by Karen

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 ...
March 26, 2007 by carmen

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,...
June 9, 2013 by Mike

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?
April 19, 2011 by Mike

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.
June 23, 2013 by Krystle

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 ...
April 3, 2011 by Anonymous

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?
May 27, 2013 by maddie

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.
June 16, 2013 by Courtnie

Present Value simple interest
11% interest $186.00 interest paid 140 days what was the orginal amount please show calcualtion
February 18, 2011 by Janine

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...
February 18, 2014 by Dan

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 ...
September 18, 2011 by Gregg

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
May 14, 2009 by Anonymous

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
August 31, 2014 by Leslie

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
February 19, 2007 by Spencer

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.
November 22, 2014 by joan

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...
October 24, 2014 by Anonymous

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?
January 24, 2014 by Maxie

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% ?
September 15, 2011 by Nieda

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...
September 19, 2014 by Sara

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 ?
January 30, 2013 by Rigby

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 ...
April 6, 2012 by susue

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 ...
February 18, 2014 by Dan

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 ...
November 14, 2012 by Greg

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
June 27, 2011 by Ty

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?
September 8, 2014 by Ali

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 ...
August 9, 2011 by Jessica

pre algerbra
susan bought a 6 month $1,700 certificate of deposit.At the end of six months she recieved $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 ...
May 21, 2007 by Kemmaris

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%?
March 8, 2009 by mark

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?
April 19, 2011 by Help

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?
August 22, 2012 by tisha

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?
April 7, 2008 by Kenya

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?
March 7, 2013 by jason

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?
June 23, 2013 by amy

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?
September 7, 2014 by tanisha

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?
January 20, 2013 by jyoti

math
a sum of Rs.8000 generates Rs.1261 as compounded interest in 03 years interest compounded annually. The rate of compound interest is
June 22, 2013 by Anonymous

math compound interest
rigoberto invests $8,000 at 6% interest comp semiannually for 1 year. Use the compound interest formula
July 1, 2013 by artyst

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 ...
January 10, 2011 by Bonnie

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.
May 27, 2011 by breanna

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
June 1, 2014 by math HELP!! please

Accounting
When calculating the times interest earned ratio, you you include "interest expense on debt extinguishment" in the interest expense? Thanks!
November 8, 2012 by Connor

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
March 5, 2013 by Betsy

compound interest math
calculate the compound interest on an investment of $45,000 at 6% interest compounded quarterly fro 3 years
July 1, 2013 by artyst

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.
April 13, 2009 by Tanisha

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.
February 19, 2011 by teresa

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.
March 24, 2012 by Tina

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
March 4, 2013 by Anonymous

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
October 25, 2013 by sue

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)
November 3, 2013 by JJ

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?
November 17, 2013 by Anonymous

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
January 31, 2012 by iconiac and a granderz fan

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 ń 25%) • 12% = 9%. Since 10% equals .1, we can rewrite the equation ...
October 21, 2013 by Emily

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
October 28, 2013 by Tracy

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 ...
February 28, 2014 by Tarun

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
June 25, 2013 by angela

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 )
October 24, 2013 by Sammy

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.
September 20, 2014 by sammy

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 ...
January 23, 2014 by Anonymous

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 ...
January 3, 2012 by Melissa

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?
January 13, 2013 by Anonymous

Math
Someone loaned me $20.00 in 1962 without quoting an interest rate. Using whatever the market interest rate was at that time, how much money would I owe in 2013 including principal and interest, straight and compounded.
December 22, 2013 by Bee

tsu
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 5, 2013 by elizabeth

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by CABDY

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by WENDY

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by TYRONE

MATH
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by MIKE

Math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by Roshalle

math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by james

Math
Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a ...
November 9, 2013 by Rachel

Math
A lends altogether Rs 6000 to B and C for two years.B pays Simple Interest @ 10%p.a. and C pays Compound Interest @8 %.If C pays Rs 50 more than B as the interest , how much did A lend to each of them?
November 9, 2011 by priya

math
Simple interest the simple interest received from investment is directly proportional to the amount of the investment. By investing $4000 in a municipal bond you obtain interest of $280 at the end of 1year. Find a mathematical model that gives the interest I at end of 1year in...
June 3, 2014 by Marybeth

Algebra
Chris takes out two loans. He borrows $800 more from a credit union that charges 12% interest than from a bank that charges 15% interest. If his interest payments total $420 annually, how much does he borrow at each rate?
February 14, 2009 by Julia

algebra
A total of $6200 is deposited into two simple interest accounts. On one account the annual simple interest rate is 2%, and on the second account the annual simple interest rate is 4%. The amount of interest earned for 1 year was $148. How much was invested in each account?
July 28, 2012 by Emmett

Interest Rate
Devin borrowed $8500 for 7 years. If the interest was $4165, the interest rate is
August 31, 2014 by Leslie

math
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method to find the amount of principal borrowed. Round to the nearest whole dollar amount
June 19, 2014 by Anonymous

Determinants of Interest Rates
If the rate of inflation is 5%, what nominal interest rate is necessary for you to earn a 3% real interest rate on your investment?
October 20, 2010 by Anonymous

math
Suppose that you took out a loan at 7% interest for 192 days. If the amount of interest was $149.33, use the ordinary interest method to find the amount of principal you borrowed. Round to the nearest whole dollar amount. $
March 20, 2014 by tota

business Math
You were offered the opportunity to purchase either a simple interest note or a simple discount note with the following terms: $33,353 at 7% for 18 months. a. Calculate the effective interest rate. (Do not round intermediate calculations. Round your final answer to the ...
April 7, 2014 by marie

Compounded Interest
) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?
November 21, 2010 by Anonymous

algebra
Calvin invested $7500 for one year, part 12% annual interest and the rest at 10% annual interest. His total interest for the year was $890. How much money did he invest at 12%?
September 7, 2012 by Briana

Simple Interest & Maturity Value
On September 7, Jennifer Rick went to Park Bank to borrow $3,200 at 11 2/3% interest. Jennifer plans to repay the loan on January 5. Assume the loan is on ordinary interest (ordinary interest uses 360 days a year). Solving for: 1. interest Jennifer will owe on January 5 2. the...
February 16, 2012 by Angie

Math
Joe invested $12,000, part at 6% interest and part at 8% interest. In the first year he earned $860 in interest. How much was invested at each rate? Answer _____________
April 20, 2010 by Amanda

math
you are going to open a certificate of deposit $500 for 3 years with 2% interest. another bank offers a CD in which you must deposit $250 for 4 years with 3% interest. Which CD will earn more interest.
September 9, 2013 by Taylor

Accounting
Interest on a $20000 one-year 10 percent note payable dated October 1 2007 was not recorded. The 10 percent interest is payable on the maturity date of the noteWhat is the interest income
October 14, 2008 by Maddie

Math
Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guranteed at least $650 in interest per year?
July 1, 2009 by Pamela

art
Gina plans to invest $12,000, part at 4% simple interest and the rest at 6% simple interest. What is the most she can invest at 4% and still be guaranteed at least $650 in interest per year?
March 3, 2010 by Anonymous

business math
Using the exact interest method (365 days), find the amount of interest on the following loan Principal Rate (%) Time (days) Exact Interest $1,700 12˝ % 33
June 17, 2013 by Anonymous

annual interest
you invested 12000 in two accounts paying 5% and 7% annual interest. If the totak interest earned for the year was 760 how much was invested at each rate?
October 28, 2012 by Anonymous

Finance
Rancher Rick purchased an additional 80 acres of hay ground to produce hay for his Angus herd. He paid $700/acre. He paid $20,000 down and took out a 10 year loan with interest calculated using add-on interest for the rest of the cost of the land. Assume annual payments and 5...
December 2, 2012 by Renee

Math
Rosa invested $8000 for one year, part ast 8% annual interest and the balance at 10% annual interest. Her total interest for the year was $700. How much money did she invest at each rate?
October 22, 2009 by cole

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 interest on the interest already earned as well as on the original amount. How much will Sam's investment be worth at the end of 10 ...
January 10, 2011 by Taylor

math,algebra
Is this correct Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of $6000 at 3% for 2 years. Simple Interest = Principle x Rate x Time (in years)
December 11, 2006 by Jasmine20

Math
Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?
March 25, 2012 by Dee

Pages: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | Next>>

Search
Members