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Interest Calculation
Page 7
Questions (834)
How much will a savings account earn after the first quarter if $800 is deposited with a 5.00% APY?
1 answer
asked by
Mal
257 views
Determine an interest rate less than 15%, a period of investment greater than two years, and a regular payment that will result
3 answers
asked by
A
406 views
A corporate society charges 3 and a half percent per annum on any amount borrowed by it members.
if a man borrowed 125.000
1 answer
asked by
CEO
388 views
Could someone please help me journalize this one? I have been stuck on it all day!
Business Ltd took out a loan of $10,000 from
1 answer
asked by
Milli
428 views
You have a credit card with an APR of 24%. The minimum payment is 5% of the outstanding balance (but no less than $20). Suppose
1 answer
asked by
Diane
685 views
1. Your average daily balance on your charge card for the month of July is $855.28. If your card carries an annual interest rate
3 answers
asked by
Heyhi
915 views
A mother wants to invest $15000 for her children's education. She invest a portion of the money in a bank certificate of deposit
3 answers
asked by
Kelly
1,970 views
an investment of $6600.00 is divided between two simple interest accounts. On one account the annual simple interest rate is 9%
2 answers
asked by
Anonymous
629 views
The next morning, Kevin meets with a client who would like to invest $20,000 into an account that pays 3.2% interest, which is
1 answer
asked by
Kim
452 views
Find rhe effective rate of interest on a 12,000, 120-day, 12% discounted.
1 answer
asked by
Anonymous
331 views
Norris currently has an account balance of $3,703.05. He opened the account 25 years ago with a deposit of $1,725.95. If the
2 answers
asked by
Steve
1,244 views
6. Barry bought a boat two years ago and at that time paid a down payment of $10000 cash. Today he must make the second and
2 answers
asked by
Quinn
699 views
Sam Sounds received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in
2 answers
asked by
Anonymous
1,048 views
An investment is made at 77% interest for 1 year. It grows to ​$3509.60. How much was originally invested​ (the
3 answers
asked by
zeca
339 views
You invest $75.00 the first month and $100.00 the second month at 3.75% APR. How much interest do you get at the end of the
3 answers
asked by
Anonymous
928 views
If you borrow $1000 from the bank, and the effective annual rate is 9.4% with monthly compounding. How much do you pay after 2
1 answer
asked by
Steve
375 views
simple discount notes.Use the ordinary interest method
ADM D/R T B/D Proceed $2900 6 1/4 180 days ? ?
1 answer
asked by
nell
415 views
Mr. X purchased 2 machinery on a hire purchase system . he pays rs 125,000 down and 150,000 at the end of second yr, fourth
1 answer
asked by
Deepali Upadhyay
373 views
You can save $ 1,500 each year in saving account that pays 4% interes quarterly. How much will you have in 5 year? What if
1 answer
asked by
Ronny santos
404 views
If $4,400.00 is invested at 5% simple interest, how much needs to be invested at 9% simple interest so the total interest per
1 answer
asked by
Anonymous
419 views
You have a credit card that charges 18% per year interest or 1.5% per month . You buy a tv for $1000 on the credit card but at
2 answers
asked by
Angie
609 views
how to use formula b=p (1+r)^n, to calculate annual interests for a savings account in visual basic project
This is my code so
1 answer
asked by
paul
343 views
Karen obtained a $26,000 loan at 4.6% compounded semiannually.
a-1. What monthly payment will repay the loan in 8 1/2 years? (Do
2 answers
asked by
Larissa
704 views
Amanda bought a car for $8,500. Her loan was for five years at a 4.6% interest rate. How much will Amanda pay for her car total,
2 answers
asked by
abel
929 views
Emily borrows 20,000 for 8 years at a nominal discount rate of 6% compounded quarterly. Calculate the amount of discount that
1 answer
asked by
Anon
447 views
$720 borrowed on January 9, 2014, was repaid with interest at an annual rate of 7% on July 1, 2014.
What was the amount of
1 answer
asked by
prerna
366 views
Suppose you have two bank accounts, one called Account A and another Account B. Account A will be worth $6,500.00 in one year.
2 answers
asked by
Lillie
527 views
A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for
1 answer
asked by
Anonymous
413 views
Jim opens a savings account with a deposit of $10,000. If the account has an annual interest rate of 6%, compounded quarterly,
2 answers
asked by
Joe
509 views
he earns 0.8% interest per month while the amount is less than R70000 and 0.7% interest per month if the amount is equal to or
1 answer
asked by
Pam
372 views
rose wants to have 7,500 in 18 years how much rose should invest now at 8% interest
1 answer
asked by
lina
292 views
Sheds R Us sells $600 sheds on a monthly payment plan over 2 years.
a) If the interest rate is 1.5% per month, find the monthly
10 answers
asked by
Mimi
1,280 views
Paula lent Ned $1200 to help him pay for a mountain bike that he desperately wants. She charged him 8%/a simple interest,
1 answer
asked by
alyssa
507 views
Compute the difference between the ordinary interest and the exact interest for a loan with a principle amount of $1100 at 12
2 answers
asked by
Casey
858 views
Linda borrows 4000 from his father to go on a trip to Kenya.he will have to pay the money back in 10 years time.his father will
1 answer
asked by
perseverance smith
458 views
On sept 14 Jennifer went to bank to borrow 4400 at 10.25% interest Jennifer plans to repay the loan on january 27 assume the
2 answers
asked by
Mick
658 views
You just acquired a mortgage in the amount of $249,000 at 6.75% interest, compounded monthly. Equal payments are to be made at
2 answers
asked by
Kelsey
705 views
Applying the interest allowance method, compute Julie's and Jennifer's share of net income if Julie invested $40,000.and
2 answers
asked by
Kathy
966 views
What is the rate if the interest is $1,200, the time is 3 years and the principle is $5,000?
1 answer
asked by
Dena
308 views
Annual deposits of $3150 are made into a bank account earning 4 % interest per year. Round all answers to two decimal places
(a)
4 answers
asked by
Jessie
593 views
Huan deposited $850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited$850 into a second
3 answers
asked by
DerpyPegasus33
695 views
John runs a florist shop in a small Arkansas town and had to borrow $170,000 to start up the shop. He was able to borrow some
2 answers
asked by
Bernice
483 views
Mel took out a loan of $40,000 at 14 percent on March 16, 2007 which is due on January 15, 2008. Using exact interest, the
2 answers
asked by
maninder
595 views
How to get annual interest cost?
1 answer
asked by
Angelica
342 views
An insurance company says you can pay for your life insurance by paying $100 at the beginning of each year or $51.50 at the
1 answer
asked by
Mella
711 views
The Z Corporation needs $180,000 in 60 months. If they deposit $2,000 per month for the first 20 months, $2,500 for the next 20
1 answer
asked by
Max
454 views
A customer sent in a $230 check to pay off an overdue bill but failed to pay the interest that accrued over the 45 days after
5 answers
asked by
annie
707 views
Becka borrowed $100 from her cousin at the rate of 6% per year. If the inflation rate was 2% that year, what is her cousin's
3 answers
asked by
Luis
2,098 views
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
2 answers
asked by
sammy
645 views
Mariah purchased a room air conditioner for $450 and made a a down payment of $45 and financed the rest over 14 months. If the
1 answer
asked by
Leslie
432 views
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