115 Answered Questions for the topic Interest Rates

04/29/20

#### Interest Rate Problem

Nancy wants to invest $4000 in saving certificates that bear an interest rate of 8.75% per year, compounded semiannually. How long a time period should she choose to save an amount of $5000? (Round...
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02/16/20

#### Convert Continuous Compounding to Semiannual

An interest rate of 3.75% per year, continuously compounded, is equivalent to what annual interest rate with semiannual compounding?

Interest Rates

01/12/19

#### How to determine interest rate to the nesrest percent

Determine the interest rate to the nearest percent.George paid $280 for a phone using his credit card. He made monthly payments and ended up paying a total of $336.

Interest Rates

12/20/18

#### You deposited $600 in a saving account that earns a simple interest rate of 1.5%per year. You want to keep the money in the account for 6 years. How much interest will you earn? *

#### Finding the balance of an account with simple interest

I have two questions and I have to find the balance.
1. $200 at 3% for 5 years
2. $750 at 8% for 5 years

Interest Rates

04/26/18

#### Sally has $8,000 in a savings account earning 12% annual interest. How much will be in her account 10 years from now?

how sally makes interest in the game of life and ho to do so

Interest Rates Interest

04/25/18

#### how long is the money

For her birthday, Lexi's parents gave her $5,575.00 which they put into a savings account that earns 9% interest compounded annually. When Lexi started college, she withdrew the entire balance of...
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Interest Rates

03/28/18

#### If you earned $200 interest on a loan of $500 at an interest rate of 2%, how many months was the loan for?

Use the formula i=prt

Interest Rates

03/24/18

#### Difficult interest problem

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...
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Interest Rates

02/19/18

#### You invested $18000 in two accounts paying 8% and 9%, respectively if the total interest earned for the year was 1500, how much was invested at each rate?

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Interest Rates Finance

01/16/18

#### Future Value, Interest Rate

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

Interest Rates

01/16/18

#### Interest rate

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

01/15/18

#### You deposit $5000 in an account earning 7.5% simple interest. How long will it take for the balance of the account to be $6500?

nothing

12/10/17

#### Interest Rates

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...
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Interest Rates

12/03/17

#### Calculating interest

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....
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Interest Rates

12/03/17

#### Interest per annum

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...
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Interest Rates

12/01/17

#### How many years will it take for an initial investment of $20,000 to grow to $70,000? Assume a rate of interest of 4% compounded continuously

I get weird answers every time I try.

Interest Rates

11/20/17

#### If you borrow $500 for 6 months at 18% annual simple interest, how much must you repay at the end of the 6 months

Interest homework question

Interest Rates Precalculus

11/09/17

#### Find the interest rate to the nearest tenth of a percent on account if $600 is compounded continuously for 2 years and has $625 at the end of that time, A=Pe^rt

please show work

Interest Rates Precalculus

11/09/17

#### Find the interest rate to the nearest tenth of a percent on account if $600 is compounded continuously for 2 years and has $625 at the end of that time, A=Pe^rt

Show work.

Interest Rates

11/07/17

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

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

Interest Rates

11/05/17

#### compound interest

Parents wish to have $150,000 available for a child's education. If the child is now 7 years old, how much money must be set aside at 3% compounded semiannually to meet their financial goal when...
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Interest Rates Math

10/28/17

#### theory of interest

Hello. I am trying to solve this problem: "Suppose that the annual effective rate of interest is 6%, and an investment of $X is made at time 0. The investment has a return of $2000 after 4 years...
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Interest Rates

10/27/17

#### You have a $350 loan. Two months later you pay back $450. What was the interest rate

To borrow money you pawn your camera. Based of the value of it the pawnbroker loans you $350. Two months later, you pay back $450 to get your camera back. What was the interest rate

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