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...
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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

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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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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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

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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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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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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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.

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

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...
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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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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...
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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...
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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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