intrest rates

posted by .

If the principal P = $500, the interest I = $100, and the rate r = 10%, find the following.
(a) What is the time?
years

(b) What is the future value?

  • intrest rates -

    100 = 500 * 0.1 * T

    100 = 50T

    2 = T

  • intrest rates -

    find the interest rate r at which $740 compounded annually growa to $800 in 2 years

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    I need to find the equation for the following (compound interest): number of years: 12 initial principal: 10000 annual interest rate: 0.03 additional investment each subsequent quarter: 500 The value in 12 years is 43074.4088874
  2. ALGEBRA

    If the principal P = $900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest?
  3. ALGEBRA

    If the principal P = $500, the rate r = 5 1 2 %, and time t = 1 year, find the following. (a) What is the amount of interest?
  4. ALGEBRA

    If the principal P = $700, the interest I = $504, and time t = 6 years, find the following. (a) What is the rate?
  5. ALGEBRA

    If the principal P = $500, the interest I = $525, and time t = 7 years, find the following. (a) What is the rate?
  6. math

    If the principal P = $500, the interest I = $250, and the rate r = 10%, find the following. (a) What is the time?
  7. 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?
  8. finance

    If the principal P=800, the interest I= 384, and time t = 6 years, find the following: What is the rate?
  9. Math.

    For question 1-4 for the interest. All rates are annual interest rates. 1) principal, $400 rate, 5% time, 1 year. a. $10 b. $20 c. $40 d. $200 2) principal, $1,000 rate, 8.5% time, 3 years a. $255 b. $170 c. $22.5 d. $17 3) principal, …
  10. Consumer Math

    *** is my answer When calculating intrest on a cd you ____?

More Similar Questions