Datin invested RM8500 into an account that paid 6.5% interest compounded quarterly. After 4 years, she withdrew 40% of the total amount in her account for holidays. Determine the amount Datin...

Datin invested RM8500 into an account that paid 6.5% interest compounded quarterly. After 4 years, she withdrew 40% of the total amount in her account for holidays. Determine the amount Datin...

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ou decide to invest some money in two different money market accounts. One account (account A) pays 3% interest. The other account (account B) pays only 2% interest but offers a $20 bonus for signing...

A bank pays 4% simple interest. £2000 is invested, how much interest is earned over 2 years.

Danny invests $4400 in two different accounts. The first account paid 4 %, the second account paid 3 % in interest. At the end of the first year he had earned $158 in interest. How much was in each...

Say you are 50,000 in debt. Every month you spend 700 dollars to pay it off. Only 65 dollars is principal while the other 645 is interest. how many years would it take to pay off the loan? how much...

If a person invests $100 every seven days into a bank with an average interest rate of 1% and also invests all his interest earnings how many days will it take for his totoal investment to equal 10,000...

In 2005 the population of a certain city was 15989.. If the relative growth rate has been 6.8% since 1980, what was the population of the city in 1980?

Jolene invests her savings in two bank accounts, one paying 6 percent and the other paying 11 percent simple interest per year. She puts twice as much in the lower-yielding account because it is less...

Round the answer to 2 decimal places

Option A: A $25,000 home equity line of credit based on 7.8% APR annualized over a 10 year term. The loan is amortized at 7.8% with monthly payments of $162.50. Option B: A $25,000 home equity...

Interest Problem for Chapter 4 review on Hawkes Learning

I don't understand how to solve it. I need to know how to get the equation

You obtain a mortgage of $184,000 for a house at an annual interest rate of 5.2% to be paid off in 15 years. find what your monthly payments will be if interest is also charged monthly.

You just borrowed $23,450 to purchase a Toyota Corolla. The interest is compounded annually at 1.5%. You have three years to pay back the loan.

please help

Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

I want to know this answer i was asked by my new financee

An individual agrees to pay $6,000 per year for three years to payoff a car loan. His/her payments are always made at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5%...