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September 2, 2014

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 ...
November 6, 2012 by Sarah

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

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

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.
October 12, 2010 by Adam

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

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

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
January 7, 2008 by keleb

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.
September 7, 2012 by Briana

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 %
July 27, 2007 by Glenda

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
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

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

math
please help how do you figure out the simple interest on a $14,500 loan at 9% interest for 5 years ?
November 12, 2007 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 ...
March 7, 2012 by Andy

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...
February 25, 2013 by Cassie

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

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

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?
February 7, 2011 by anonymous

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 $94.50 ...
September 18, 2012 by BOBBIE

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
April 12, 2010 by mark

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!!! :)
February 24, 2011 by Anonymous

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...
December 10, 2009 by Peaches

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
September 2, 2011 by katie

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

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
April 13, 2011 by John

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
April 13, 2011 by George

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
April 14, 2011 by John

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

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 ...
January 16, 2011 by Darlene

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

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 ...
April 1, 2009 by Cassie

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

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.
July 7, 2012 by 26kllt

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....
December 13, 2009 by JAY10

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
October 7, 2011 by Anonymous

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.
July 6, 2012 by leo

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

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 :)
March 16, 2011 by HEYME

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!
November 28, 2012 by Destiny

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

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*
April 9, 2012 by Marilyn

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
November 9, 2010 by brian

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?
May 28, 2012 by shirley

interest math
doris browning deposited $8000 into a savings account paying 5.25% interest. how long will it take for her investment to grow to $10,100. The answer i got was 4yr 11mo 30 days but that is wrong someone please help
November 14, 2013 by lynda

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

Calculus Please help!
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year. A) Find the amount in the bank after 6 years if interest is compounded annually? B) Find the amount in the bank after 6 years if interest is compounded quaterly? C) Find the amount in the...
February 21, 2014 by ALI

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

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 :)
January 7, 2008 by keleb

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.)
December 3, 2010 by Roger

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

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)
December 30, 2011 by Vaness

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

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 ...
October 9, 2010 by Tony

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
I need help with this I keep putting the numbers in wrong on the formula ! PLEASE HELP Price of article = $315.50 Down payment = $31.55 Monthly payment amount = $16.50 Duration of payments = 20 months True annual interest rate to the nearest tenth = % Formula: I(Interest)= 2YC...
June 24, 2013 by sarah

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!
June 4, 2009 by Samantha

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

math
Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%.What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)? please help
April 12, 2014 by justin

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 ...
February 14, 2010 by suvi

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.
November 26, 2011 by MONICA

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.
November 26, 2011 by MONICA

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.
November 26, 2011 by MONICA

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.
November 26, 2011 by MONICA

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 homes in real estate. ...
May 8, 2011 by icelocsgirl

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 ...
January 8, 2013 by fawn

math
i put 4000.00 in savings. at end of 3 years the account earned 960.00 in simple interest at what simple interest rate did the account grow? please show me the work.
March 14, 2014 by mark

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 Kevinís account earns 5% simple interest annually and Jillís earns 5% interest compounded annually, how much will each account balance show at the ...
April 27, 2012 by Need Help!!!

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
Please check my work, thank you If $7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years? A=$8,268.00 Rewrite the statement, using percent notation. Out of every 100 eligible people...
April 6, 2008 by Terry B

mathematics
The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments: $39,644.05 Total Interest paid: $14,644.95 On average...
January 26, 2010 by Ashlie

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

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
January 10, 2008 by jameasen

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 )
October 6, 2010 by thommini

Maths
A finance company borrows money on which it pays interest at the rate of 14% pa. If it pays interest half yearly, find the return per half year on an investment of $1700 Please show working out thanks
November 2, 2011 by 10M1

Business Math
Joanne and Ed Greenwood built a new barn with an attached arena. To finance the loan, they paid $1,307 interest on $45,000 at 4.0%. What was the time, using exact interest? (Do not round intermediate calculations. Round up your answer to the nearest day.) Please help!
April 2, 2014 by marie

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 Maths
Please how do i calculate this problem and enter it in a journal entry: If a company issues 10-year, 8%, $100,000 bonds paying interest on an annual basis, at a $5,200 premium, the annual interest expense on the bonds will be:
January 8, 2010 by Peaches

algebra
Find the future value of an ordinary annuity. Payments are made and interest is compounded as follows: R=600 7% interest compounded quarterly for 5 years I set this up as follows and still am getting the wrong answer: 500 (1.07)^5-1/0.07 Please help!!
December 15, 2011 by Beth

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

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.
January 16, 2010 by Anonymous

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

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