112 Answered Questions for the topic 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.

06/07/18

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

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

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... more

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... more

03/09/18

Help me calculate this please

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

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%?

01/16/18

Interest rate

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

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... more

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.... more

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... more

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

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... more

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... more

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

10/10/17

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

09/11/17

What is the annual interest rate?

A deposit of $2200 in a savings account reaches a balance of $2795.63 after 6 years. The interest on the account is compounded monthly. What is the annual intere rate of the account 

07/30/17

Can someone please help me solve this algebra question?

The annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of... more

07/17/17

Compounded Interest

At what rate do you need to invest money into a bank account earning continuosly compounded interest if you want to double your money in 75 months? 
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