how to figure this out?!?
how to figure this out?!?
how to solve this?
i need help Mike invests $22,000 for a year. He invests some at the 7% interest rate and some at the 6% rate. After one year, he receives $1420 in total interest. How much did he invest...
An initial investment of $205.50 is worth $413.75 after 11 years of continuous compounding. Find the interest rate.
question about simple interest.
I have no idea how to start this. Please help. Oppenheimer has a mutual fund where an investment of $5000 at an annual interest rate of 10% compounded semianually over 25 years...
Don James wants to invest $57,000 to earn $1593 per year. He can invest in B-Rated Bonds paying 3.4% per year or in a Certificate of Deposit (CD) paying 1.9% per year. How much money should be invested...
Walt made an extra $10,000 last year from a part-time job. He invested part of the money at 2% and the rest at 3.75%. He made a total of $270.00 in interest. How much was invested at 3.75%?
Need to know for my math course
At what nominal rate, compounded monthly, would $10,000 have to be invested to amount to $16,000 in 6 years?
what's the formula?
assume that all interest rates are compound continously
A bank loaned out $9,500, part of it at the rate of 3% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $325.00. How much was loaned at each rate?...
$6,000 account yields a 5.00% interest rate. How much must be added to this account so the total interest yields amounts to $1,000
An investment of $6,000 is earning 4% interest compounded annually. How long will it take for the investment to double? (Round your answer the whole number)
unsure how to set up. i keep getting fractions.
An investment is of $4,600 is made at an annual simple interest rate of 6.8%.How much money must be invested at an simple interest rate of 9% so that the total interest earned is 8% of the total investment...
Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did she earn? Use the formula I=Prt to find your answer, where I is interest,...
What is the flat rate of interest per annum if a car is $15790 and is paid with a $500 deposit and $92 per week over 5 years?
Suppose you deposit $12,000 in a bank account bearing 8.8% interest compounded monthly. How many months would it take (to the nearest month) for your account balance to top $15,000? Use...