112 Answered Questions for the topic Interest Rates


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.


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


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


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


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


Help me calculate this please

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


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 rate

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


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


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


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


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


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


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


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


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


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 


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


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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