Search: caluculating the interest! please help

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caluculating the interest! please help
Calculate the interest on a $1700 credit card bill that shows a 22% APR, using the average daily balance method. Assume you sent a payment of $375 on the first day of a month that has 30 days and it takes 5 days for this payment to be received and recorded. Round to the ...
Tuesday, November 6, 2012 at 5:00pm by Sarah

computers
i dont understand the formula for caluculating e^x in order to write the code(java)
Friday, October 8, 2010 at 12:12am by Gina

Present Value simple interest
11% interest $186.00 interest paid 140 days what was the orginal amount please show calcualtion
Friday, February 18, 2011 at 11:33pm by Janine

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.
Monday, April 13, 2009 at 6:16pm by Tanisha

Science
Caluculating Mass! You push yourself on a skateboard with a force of 30 N and accelerate at 0.5m/s 2. Find the mass of the skateboard if your mass is 58 kg.
Tuesday, October 12, 2010 at 6:14pm by Adam

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. ...
Monday, August 21, 2006 at 3:09am by Haydee

please check my answer
Please check my answer thanks :) What is the simple interest on $14,500 loan at 9% interest for 5 years Interest = $14,500 x 0.9% = 1305 x 5 = 6525
Monday, January 7, 2008 at 7:14pm by keleb

ALGEBRA
Find the amount of interest and the monthly payment for the loan. Purchase a living room set for $3,800 at 12% add-on interest for 4 years. (Round your monthly payment to the nearest cent.) $ interest $ per month
Sunday, May 27, 2012 at 10:27pm by Urgen please help

math
The interest rate on an equity line of credit was 7 and 5/8 % last month. This month the interest rate is 9 and 3/8 %. How many percentage points has the interest rate increased? Can someone help me please? 9.375% - 7.625% = 1.750 % = 1 3/4 %
Friday, July 27, 2007 at 1:40am by Glenda

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?
Thursday, February 14, 2013 at 11:28am by sherry

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 ...
Monday, January 10, 2011 at 9:37pm by Taylor

math
please help how do you figure out the simple interest on a $14,500 loan at 9% interest for 5 years ?
Monday, November 12, 2007 at 5:55pm by Anonymous

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 ...
Wednesday, March 7, 2012 at 2:14pm by Andy

algebra
HELP! Please 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%? Show work.
Friday, September 7, 2012 at 4:57pm by Briana

Please Help!!!! Maths
Over a three-year period, the total interest paid on a $4500 loan was $1620. What was the interest rate?
Wednesday, April 3, 2013 at 4:19am by Jeconiah

math
Compound interest P is the principal (the initial amount you borrow or deposit) r is the annual rate of interest (percentage) n is the number of years the amount is deposited or borrowed for. A is the amount of money accumulated after n years, including interest. When the ...
Tuesday, January 1, 2013 at 3:15pm by Knights

ALGEBRA / MATH / FINANCIAL
PLEASE HELP.. HERE'S THE QUESTION.... RYAN IS GOING TO INVEST $4000 INTO 2 INVESTMENT OPTIONS. ONE OPTION PAYS 3% AND THE OTHER OPTION PAYS 3.5% SIMPLE INTEREST. HOW MUCH DID RYAN INVEST IN EACH OPTION IF THE INTEREST EARNED IN THE OPTION PAYING 3.5% SIMPLE INTEREST IS $94...
Tuesday, September 18, 2012 at 10:56am by BOBBIE

math
Calculate the interest earned on a savings account with $900.00 that is invested at 4% annual simple interest for 5 years?
Friday, November 30, 2012 at 4:35pm by !!PLEASE ANSWER!!! now plzzz

math please help?
Nena invested some money at 7% interest and the same amount at 10%. Her total interest for the year was $850. How much did she invest at each rate?
Monday, February 7, 2011 at 10:29pm by anonymous

Maths
It depends on the interest rate, which does not usually exceed 25%, and the duration. The longer the loan lasts, the more the (simple) interest would be. For example, at 11% simple interest for a principle of $100, the interest is 100*(0.11*10) = $110, which exceeds the simple...
Wednesday, September 14, 2011 at 3:10am by MathMate

statistics please help!
A total of 8,000 dollars is invested at anunual interest rate of 1%. Find the balance after 1.5 years, if the interest is compounded annually. using A=p(1+r/n)^nt
Monday, April 12, 2010 at 2:12am by mark

Math please check answer
Your original question doesn't ask for the interest per month. It just wants to know the total interest you'd pay at the end of five years. If you paid $301 per month for 60 months, you'd pay almost three times the amount of interest than you should. Try again, ...
Monday, March 10, 2008 at 7:32pm by Ms. Sue

Algebra
Maybe that was to confusing...we have a data sheet to fill out - 2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of 5% for two years using simple interest. Year 1...
Monday, February 25, 2013 at 10:43pm by Cassie

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 ...
Thursday, May 9, 2013 at 5:32pm by jordan

S.P
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total? Please help!!! :)
Thursday, February 24, 2011 at 7:51pm by Anonymous

math
Suppose $5000 is deposited in a bank account that compounds interest four times per year. The bank account contains $9900 after 13 years. What is the annual interest rate for this bank account? i already set it up but i don't know where to go from there. Please help
Monday, April 9, 2012 at 6:53pm by Please help!

Business Maths
Please how do i calculate this problem: The Raymore Company issued 10-year bonds on January 1, 2007. The 15% bonds have a face value of $100,000 and pay interest every January 1 and July 1. The bonds were sold for $117,205 based on the market interest rate of 12%. Raymore uses...
Thursday, December 10, 2009 at 9:04am by Peaches

math 10
Actually the first steps are right except with compound interest you earn interest on interest, so just adding another 18.75 would not solve it. You have to account for the interest you earn the 1st quarter. So I got 1287.78
Tuesday, January 5, 2010 at 12:18pm by Shanta

math
Your first equation is entirely correct (x+y = 13,000). Your second equation is almost correct. Just add in the interest rates because it is the interest of x and the interest of y that yields the interest $1910.
Sunday, November 25, 2007 at 7:52pm by Michael

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?
Tuesday, April 19, 2011 at 10:49am by Mike

MATH HOMEWORK HELP PLEASE ANSWER
Erica invests $10,000 at 5% interest compounded annually. How much interest will Erica earn in 3 years
Thursday, November 3, 2011 at 8:11pm by marcus

Math please check answer
The simple interest on a $14,500 loan at 9% interest for 5 years my answer is $301.00 per month
Monday, March 10, 2008 at 7:32pm by Dameion

math
You deposit $2200 in an account that pays 3% annual interest. After 15 years, you withdraw the money, what is the balance if the interest is compounded quarterly? so I figure you would get 2650.00 help please
Friday, September 2, 2011 at 4:48pm by katie

Math
compound and interest Using the below values please calculate the amount accumulated (future value) *Initial principal=$2000 *Interest Rate=9% *Number of years 7 *Monthly compounding
Thursday, April 14, 2011 at 8:03am by John

math
You don't state if this is compounded interest. Assuming simple interest, I = PRT (interest = principal x rate x time) 9006 - 8765 = 241 interest 241 = 8765 x R x T 241 = 8765 x R x 1 241 = 8765R Solve for R, the rate of interest Multiply R x 100 = percent
Tuesday, January 25, 2011 at 3:50pm by helper

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 ...
Monday, March 26, 2007 at 1:19am by carmen

Algera
Hint: Simple interest =Prt P=principal (what was borrowed) r=rate of interest, 0.17=17% t=time in years (for yearly interest rate) I think she should negotiate a bank load at a lower interest than that.
Thursday, March 1, 2012 at 6:54pm by MathMate

Math
People make mistakes. Calm down. A=P(1+r)^t 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?
Tuesday, April 19, 2011 at 10:49am by Mike

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.
Friday, July 27, 2007 at 9:07pm by Karen

math
Jill deposited $650 in a savings account with two percent simple interest. If she keeps it in the account for one year, how much interest will she earn?
Tuesday, May 1, 2012 at 10:04am by please help me!!

math- algebra
Interest for the first year is the principal, P=$900 multiplied by the rate of interest, r=0.045, multiplied by the number of periods, n=1. So interest I=$900*0.045*1=$40.5 The future value is the sum of the interest and the principal. Note that in this case (n=1), the ...
Sunday, July 31, 2011 at 11:49pm by MathMate

ALGEBRA
Find the amount of interest and the monthly payment for the loan. Purchase a car for $42,800 at 2.7% add-on rate for 5 years. (Round your answers to the nearest cent.) $ interest = $ per month =
Thursday, June 14, 2012 at 4:23pm by Urgen please help

ALGEBRA
An investor has $500 more invested at 7% than he does at 5%..If his annual interest is $515, how much does he have inested at each rate?....I need to know how to solve this problem...Do I use PRT=I(interest) formula..please someone help me with the steps....
Sunday, December 13, 2009 at 3:56pm by JAY10

algebra2 HELP PLEASE
If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? round to the nearest cent.
Saturday, July 7, 2012 at 2:43pm by 26kllt

Finance
If this is simple interest -- 5,000 * (4 * 0.065) = ? interest for 4 years Add the interest to the initial investment.
Monday, February 1, 2010 at 3:52pm by Ms. Sue

Hogan
Please help identify the topic subject in each paragraph: Interest rates affect our purchasing decision in a two different ways. A lower interest rate is obviously preferred to minimize expenditure being either long or short term. A lower interest rate is good when taking a ...
Sunday, January 16, 2011 at 12:29pm by Darlene

algebra ll HELP PLEASE
If $8,500 is deposited in a compound interest account paying 3.9% interest annually, how much will be in the account after 12 years? Round your answer to the nearest cent.
Friday, July 6, 2012 at 11:08am by leo

MATHS
A woman borrows 100000 euro to improve her house. she borrows the money at 15% interest and repays it in full after three years. What interest will she pay? PLEASE HELP
Friday, October 7, 2011 at 3:07pm by Anonymous

Maths
Kate borrowed $19500 to buy a car. She paid the money back, plus interest in equal monthly repayments of $370 for the next 5 years How much did she pay in interest? Working out please :)
Wednesday, March 16, 2011 at 4:36am by HEYME

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 ...
Sunday, April 3, 2011 at 11:34am by Anonymous

math
The question is not worded very clearly. Are the payments made monthly? Is this a simple interest or compound interest problem? None of the rates given as choices verify when considering compound interest so assuming this is simple interest, interest = 20(196) - 3500 = 420 ...
Sunday, January 16, 2011 at 2:17pm by Reiny

8th grade math
Find the interest earned on each account. $970 at 4 1/2% simple interest for 2 years. I don't know if I solved the problem correct please help: I = p x r x t = 970 x 0.42 x 2 = 814.8 I don't know what number to convert 1/4 to!
Wednesday, November 28, 2012 at 6:40pm by Destiny

Algebra
Joanie takes a $6000 loan to pay for her car. The interest rate on the loan is 12%. She makes no payments for 4 years, but has to pay back all the money she owes at the end of 4 years. How much more money will she owe if the interest compounds quarterly than if the interest ...
Wednesday, April 1, 2009 at 4:16pm by Cassie

NEED HELP MATH HELP
That is simply not true, scroll down. I have answered simple interest, compound interest, and continuously compounded interest questions from you.
Sunday, January 27, 2013 at 8:08pm by Damon

math
Please help me do these problems. I dont understand how to do weighted averages. Mrs. Gleason invested a portion of 32000 dollars at 9% interest and the balance at 11% interest. How much did she invest at each rate if her total income from both investments was 3200
Tuesday, November 9, 2010 at 6:30pm by brian

Simple Interest
The Johnsons have saved $45,000. They invest their money in a bank and thei account earns 7.5% interest. How many years will it take to earn $74,000? *PLEASE PROVIDE AN EXPLANATION*
Monday, April 9, 2012 at 6:42pm by Marilyn

math please explian
I know how to do simple interest on a loan but how would I figure compound interest on a loan $8,000 invested for one year at 6% compounded quarterly ? with rounded to the nearest dollar thanks in advance for explaining :)
Monday, January 7, 2008 at 7:58pm by keleb

math
Simple interest formula: Interest =PRT =56950*0.118*(155/365) =2853.74 Compound interest: depends on the compounding frequency (not available)
Tuesday, June 14, 2011 at 12:21am by MathMate

Please Help
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?
Monday, May 28, 2012 at 4:12pm by shirley

Algebra
Please Help. How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quartely? (Use the formula for compound interest with n compoundings per year to solve for t.)
Friday, December 3, 2010 at 10:48am by Roger

english
Can someone please check my homework for me? · Write two paragraphs about how interest rates affect our purchasing decisions. · Identify the topic sentence in each by underlining it. · Post your paper as an attachment. Interest rates affect the buying of ...
Sunday, May 8, 2011 at 9:25pm by icelocsgirl

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% ?
Thursday, September 15, 2011 at 9:38am by Nieda

Simple & Compounding Interest
I am SO STUCK on this problem... PLEASE HELP ASAP!!! Suppose Kevin and Jill both deposit $4000 into their personal accounts. If Kevin’s account earns 5% simple interest annually and Jill’s earns 5% interest compounded annually, how much will each account balance show...
Friday, April 27, 2012 at 10:32am by Need Help!!!

maths-- compound interest
business takes a loan of $40,000, set at 4% interest and will be paid off in 12 years. The bank wants to save the business money by calculatin the interest on a remaining balance basis in case he pays it off early. The annual payment si assumed to be $3500 of principal and ...
Friday, January 12, 2007 at 4:06am by Susan

Math
I = PRT This is a formula for calculating simple interest. Interest = Principal * Rate * Time Example, you put $500 in a saving account, at 3% interest per year. To find the interest after two years, P = $500, R = 0.03, T = 2 I = 500 * 0.03 * 2 I = 1000 * 0.03 I = $30
Tuesday, February 22, 2011 at 5:31pm by Helper

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
Monday, June 27, 2011 at 3:36pm by Ty

Math (Algebra/Pre-Algebra)
Ms. Caswell deposits $450 into an account earning 8% interest per year. How much simple interest is earned after 4 years? Please explain.. I'm supposed to show work =] thank you!
Thursday, June 4, 2009 at 8:35pm by Samantha

Pre-calc
The quarterly interest is 5.25%/4=1.3125%. Since interest is compounded quarterly, the total interest at the end of the year for an investment of 1000 is: 1000*1.013125^4 =1053.54 So the effective interest is 53.54/1000=5.354% (approximately)
Wednesday, January 12, 2011 at 6:42pm by MathMate

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 ...
Wednesday, November 14, 2012 at 7:56pm by Greg

math
That depends upon how much she spent. Some stores require you to pay monthly interest on "no interest for one year" promotions, and then refund the interest at the end of a year if the debt is paid off. Assuming there is not interest to pay, ever, divide the cost by ...
Friday, January 21, 2011 at 11:18am by drwls

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?
Wednesday, August 22, 2012 at 1:09am by tisha

Finance
Danny Joe borrows $10,500 from the bank at 11 percent annually compounded interest to be repaid in six equal annual installments. The interest paid in the first year is: $_________. (Please calculate the arithmetic solution and show your work)
Friday, December 30, 2011 at 1:55am by Vaness

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.
Saturday, November 26, 2011 at 5:22pm by MONICA

math
What you probably did was calculated simple interest for 15 years on $1000 and added to $2200 to give $2650. Compound interest formula are based on the number of periods, n, the interest was compounded. The interest being compounded 4 times a year, so there are 15*4=60 periods...
Friday, September 2, 2011 at 4:48pm by MathMate

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 ?
Wednesday, January 30, 2013 at 4:38am by Rigby

ALGEBRA
You would save the interest on the extra $50 you paid above the minimum. That is $5 You should pay off the entire balance, if you can, and pay no interest at all. Please just don't dump your homework here en masse. Show your work.
Saturday, November 26, 2011 at 5:22pm by drwls

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...
Tuesday, May 25, 2010 at 6:15pm by Anonymous

Math
Jared obtained a simple interest loan for 1200 at a credit union at an annual interest rate o f 5.5%. if Jared paid $1430 to repay the loan, for how many months, was the money borrowed ? ( can you please tell me the steps. thanks )
Wednesday, October 6, 2010 at 10:54pm by thommini

math
Please help I know to figure out simple interest but what is the best way to figure out compound interest example 8,000 invested for one year at 6 % compounded quarterly (with the answer rounded to the nearest dollar
Thursday, January 10, 2008 at 7:32pm by jameasen

math
A chartered bank is raising the interest rate on its Visa credit card from 9% to 11%. What will be the percent increase in the interest charges on a given balance? Note: Please make sure your final answer(s) are in percentage form and are accurate to 1 decimal place. For ...
Sunday, February 14, 2010 at 12:39pm by suvi

Math
With compound interest, the interest due and paid at the end of the interest compounding period is added to the initial starting principal to form a new principal, and this new principal becomes the amount on which the interest for the next interest period is based. The ...
Saturday, April 17, 2010 at 4:26pm by tchrwill

math
I have been staring at this problem forever, and cant seem to dig it up in my book. Please help! Two competing bank are trying to attract customers. (a) Ally Bank has an account which earns 25% interest every 10 years. Assuming the interest is compounded weekly, find both the ...
Tuesday, January 8, 2013 at 8:56pm by fawn

math
You don't state if the interest is simple or compounded. For simple interest, I = PRT (Interest = Principal*Rate*Time) I = 300 * 0.03 * 30 I = ?
Sunday, February 13, 2011 at 6:46pm by helper

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?
Tuesday, April 19, 2011 at 9:39am by Help

Finance
Please help me out this problem! :) suppose that I buy a 10 yr bond today for $1000 and the interest rate when the bond is issued is 5 percent. the day after I buy the bond, the market interest rate on 10yr bonds rises to 7percent. if I keep the bond for the full 10 yrs until ...
Saturday, October 9, 2010 at 12:47am by Tony

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?
Sunday, January 20, 2013 at 6:00am by jyoti

Math
Simple interest is the amount you earn on an investment or pay on a loan. If you borrow $1,000 at 5% interest for a year, you'll pay $50 interest.
Sunday, May 1, 2011 at 10:22pm by Ms. Sue

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?
Monday, April 7, 2008 at 11:02pm by Kenya

Accounting
When calculating the times interest earned ratio, you you include "interest expense on debt extinguishment" in the interest expense? Thanks!
Thursday, November 8, 2012 at 12:23am by Connor

Math
A person takes a simple interest loan at 7.5%. After 6 months, the amount of interest on the loan is $69.64. What was the amount of the loan? Please help me. I have been working on this for awhile.
Saturday, January 16, 2010 at 8:13pm by Anonymous

Business
Lee won't "receive" any interest. But, if you want to know how much interest he'll save, then figure the interest he'd pay for 6 1/2 years (78 months). Then figure the interest he'll pay for 2 1/2 years (30 months). Subtract the difference.
Wednesday, January 2, 2008 at 3:43am by Ms. Sue

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?
Thursday, March 7, 2013 at 8:14am by jason

Finance
3.4% interest is for a year. You need to divide the year's interest by 12 to find the monthly interest.
Tuesday, April 20, 2010 at 8:57pm by Ms. Sue

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 ...
Tuesday, August 9, 2011 at 9:37pm by Jessica

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.
Friday, May 27, 2011 at 4:58pm by breanna

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