Simple and Compound Interest

Welcome to the "Simple and Compound Interest" category on Questions LLC! Here, you'll find a wide range of questions and answers related to the fascinating world of financial calculations and investments. Whether you're a student looking to brush up on your understanding of simple and compound interest or a curious individual seeking practical insights on financial growth, this category is sure to provide you with the knowledge you need. From basic concepts to advanced calculations, explore our collection of questions and let us demystify the complexities of interest for you. Get ready to dive into the realm of interest rates, investment returns, and the power of compounding!

Questions (16)

Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops.- When $1000 is deposited at 5
1. 7 answers
2. asked by Lee
3. 1,303 views
The formula for a simple interest rate is I = PRT and Total Balance = P + IThe formula for compound interest is B = P × (1 +
1. 3 answers
2. asked by Jean
3. 476 views
Jeremy opened two saving accounts at the beginning of 2010, each with an initial deposit of $4,000. Account A earned simple
1. 4 answers
2. asked by Tris
3. 939 views
Answer from spreadsheetAnswer from hand calculation Problem #1: Find the total amount if you deposit $500 at a rate of 5% for
1. 1 answer
2. asked by Katie
3. 383 views
$4,000 at 10% for 20 years(a) Calculate the future amount if the money were invested at simple interest. Calculate the future
1. 1 answer
2. asked by Anonymous
3. 451 views
Okay, so I've been away from school for three weeks, and we have a math test tomorrow. I only just found out, and my friend
1. 1 answer
2. asked by Bob
3. 459 views
Simple and Compound InterestFind the simple interest. principal= $870 interest rate= 6% time= 9 months Please help me I need the
1. 4 answers
2. asked by Tanisha
3. 1,014 views
I had asked on these problems previously but here is my final answers are they correct now...Problem #1 Find the simple interest
1. 1 answer
2. asked by student
3. 467 views
How much less interest is earned at 6% simple interest for 5 years on a $10,000 investment than a 6% rate compounded daily for 5
1. 2 answers
2. asked by Anonymous
3. 1,047 views
5 of 10No Luke deposits $3.500 into each of two savings accounts. • Account I earns 3% annual simple interest • Account I
1. 1 answer
2. asked anonymously
3. 25 views
Luke deposits 3,500 dollars into each of two savings accounts account 1 earns 3%annual simple interest account 2 earns 3%
1. 3 answers
2. asked by Unknown
3. 36 views
Between simple interest at 8% and compound interest at 9%, find the higher resulting balance after investing $500 for a period
1. 1 answer
2. asked anonymously
3. 19 views
Luke deposits $3,500 into each of two savings accounts.Account I earns 3% annual simple interest. Account II earns 3% interest
1. 5 answers
2. asked anonymously
3. 22 views
1 of 101 of 10 Items00:38 Question Luke deposits $3,500 into each of two savings accounts. Account I earns 3% annual simple
1. 3 answers
2. asked by @:]
3. 34 views
Between simple interest at 8% and compound interest at 9%, find the higher resulting balance after investing $500 for a period
1. 1 answer
2. asked anonymously
3. 23 views
Calculate the amount of interest earned in 9 years on $11,000 deposited in an account paying 10% annual interest, compounded
1. 7 answers
2. asked by maths
3. 18 views