David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests. SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years CBCO...

David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests. SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years CBCO...

I don't understand how to get this. Please help.

May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...

the formula L=p[1-(1+(r/n)-nt)/(r/n)] gives the amount of a long L in terms of the amounts of each payment P, the intrest rate is r, the number of payments per year n, and the number of years...

Use the formula i=prt

A banker plans to lend part of $24,000 at a simple interest rate of 16% and the rest of the money at 19%. How much should he lend at each percent to obtain a total return of 18.5% on the total amount...

What is the apr interest rate on $115 interest is 29.9% ?

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Suppose you inherited $1003. What would be the interest rate at 3%? Using yearly compounding what is the accrued value after 5, 10 and 15 years?

How many years would it take $1,000 to grow to $5,000 assuming an annual interest rate of 15%?

If the simple interest on 2000 dollars over 9 years is 1620 Dollars, what is the interest rare

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8000 dollars is invested in a bank account at an interest rate of 8 per cent per year, compounded continuously. Meanwhile, 18000 dollars is invested in a bank account at an interest rate of 3 percent...

Last year, Justin had $20,000 to invest. He invested some of it in an account that paid 8% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After...

Tom has $600,000. He purchased saving bonds at 8% per annum. After the first year he cashed the bond in and put the same sale on the bond at the bank which offered 15% internet. How much money does...

I get weird answers every time I try.

Interest homework question

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If $4500 is invested at an interest rate of 8.25% per year compounded continuously find the value of the investment after 10 years