39 Answered Questions for the topic Interest Rate
You want to buy a $202,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?b) What will your monthly payments be if the annual interest rate is 5%?c) What will your monthly payments be if the annual interest rate is 6%?
Negative interest rates in the US
If the future the US interest rates are negative, what is going to happen Consumption Investment and Government expenses? Are those negative interest rates help the GDP growth or... more
Interest rate word question
Laura borrowed a total of $23,000 from two different banks to start a business. One bank charged the equivalent of 4% simple interest, and the other charged 5.5% interest. If the total interest... more
Interest Rate Algebra 2
2500 dollars grows to $3025 in two years. how can i find the interest rate using the formula a=p(1+r)^t
How much interest is charged on a $10,000 loan at 10.3% interest if payments are $255.07 a month for 4 years
Interest rate problem
What interest rate compound monthly will yield an effective interest rate of 8%?
Mike earned $900 in interest after 8 years. If the amount invested was $1,000. What is the rate of interest
You put money in a bank for a period of time and your new balance was larger, what was the interest rate?
My final balance after 2 years was $896.00. If I originally put $800.00 into the bank, what was the interest rate?
Assume an investment of $100 earns an APR of 7% compounded annually. Calculate the balance after 170 years. (Round your answer to the nearest cent.)
No other details just having trouble with figuring out how to solve.
Lucas borrowed $10,500 to buy a boat. He will pay $275.50 each month for the next 48 months. Find the simple interest rate for his loan.
I didn’t get a lesson on this due to time constraints
To get the necessary funds for a planned expansion, a small company took out three loans totaling $21,000. Company owners were able to get interest rates of 6%, 7%, and 8%. They borrowed $1000 more... more
If the account gives an annual simple interest of 2%, express as a function of time.
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... more
if you deposit $4500 in a savings account that pays interest at an annual rate of 3% without adding/withdrawing to it yourself, how much will you have in 8 yrs
i wanna know the equation to solve.
A $600 bond earns 4.5% simple annual interest. Describe and correct the error finding the total interest earned after 18 months.
i=PRT =(600)(0.045)(18) =486
Kim has set up an ordinary annuity to save for her retirement in 20 years. If her monthly payments are 350$ and the annuity has an annual interest rate of 7.5%
this question is to find out the annuity and interest the account will make
What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years?
What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you... more
Finding Interest Rates
Jane Hooker invests $40,000 received as an inheritance in three parts. With one part she buys mutual funds that offer a return of 2% per year. The second part, amounts to twice the first, is used... more
At what interest rate compounded continuously must money be invested to double in 10 years?
Need the work shown
Finding the Interest Rate
Find the required annual interest rate to the nearest tenth of a percent for 65,000 to grow to 65,325 if interest is compounded monthly for 6 months. This is what I think I know: A = 65,325 P... more
Algebra help, Income earned on an IRA investment help?
I need some help on setting up this problem, and how to find the formula to get the correct answer..Here it is: A retiree needs a yearly income of $13,o00 from her IRA to help fund her retirement.... more
Algebra help, Income earned on an IRA investment
I need some help on setting up this problem, and how to find the formula to get the correct answer..Here it is: A retiree needs a yearly income of $10,200 from his $150,000 IRA to help fund his... more
Interest Rate Word Problem
Find total amount in an account opened with $500 after 6 months if interest is .75% a year?
I know the answer (provided in my book) but I want to understand how to solve it. It is not provided. "Ed opens an insured money market account with $500. How much money will he have after 6... more
Samantha needs to mix a 20% saline solution with a 40% saline solution to create 200 millileters of a 26% solution. How many millileters of each solution must S
Samantha needs to mix a 20% saline solution with a 40% saline solution to create 200 millileters of a 26% solution. How many millileters of each solution must Samantha use?
A candy distributor needs to mix a 10% fat-content chocolate with a 50% fat-content chocolate to create 200 kilograms of a 10% fat-content chocolate
A candy distributor needs to mix a 10% fat-content chocolate with a 50% fat-content chocolate to create 200 kilograms of a 10% fat-content chocolate. How many kilograms of each kind of chocolate... more
A bank loaned out $17,500, part of it at the rate of 4% annual interest, and the rest at 9% annual interest
A bank loaned out $17,500, part of it at the rate of 4% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,100.00. How much was loaned at each rate?