117 Answered Questions for the topic Interest Rates

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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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
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Interest Rates Algebra

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 
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Interest Rates Algebra 2 Algebra

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
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Interest Rates

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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Interest Rates

04/03/17

I had an interest free account for 18months, but was unable to pay. At 25% interest how much will be added on to 1400.00 total purchase
I still owe about 840.00 on this bill
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02/25/17

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
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Interest Rates

02/16/17

what amount when invested for three years at 8% per year yields simple interest of $576?
I don't know how to work this out, please help! haha
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Interest Rates

01/09/17

Brenda deposited $300 in the bank.If the bank pays her simple interest at the rate of 4%, how much interest will her account earn at the end of 9 months?
what will be  brenda's new total balance 
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Interest Rates Math Compound Interest Money

12/18/16

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years?
How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years?     If you deposit the amount you... more
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Interest Rates Interest

11/23/16

An investment is made at 4.55% counpounded monthly.
In years, how long does it take to double the investment?
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Interest Rates

11/18/16

What interest rate is needed for an investment of $5000 to grow to $7000 in 6 years
a if interest is computed as simple interest  b if interest is compounded yearly
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Interest Rates

11/18/16

How much money needs to be invested so that the balance after 5 years is 10,000 if the interest rate is 6.8%
a if interest is computed as simple interest b if interest is compounded yearly
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Interest Rates Algebra 1 Word Problem

11/15/16

Word problem about interest
I'm in algebra 1 and I'm learning with a table with quantity, rate and valueA team of cancer researchers received a grant of $300000 to be used for cancer research. They deposited some in a 10%... more
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Interest Rates

11/09/16

A loan of 14,250 at an interest rate of 10% for 4 years. How much will i pay total after 4 years?
A loan of 14,250 at an interest rate of 10% for 4 years. How much will i pay total after 4 years?
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Interest Rates Math Math Help Banking

09/08/16

Really need help
David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests.    SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years   CBCO BANK -4%... more
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07/21/16

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.. this sounds like a different language like where do I start? Can I put this in a table or a... more
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07/21/16

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.. this sounds like a different language like where do I start? Can I put this in a table or a... more
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07/21/16

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
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Interest Rates Story Problems Earning Rate

05/02/16

Algebra Interest question- Need Help desperately!
Phyllis invested 67000 a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these... more
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Interest Rates Math Wor

04/23/16

Math help!
Maria bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the... more
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04/16/16

A Composite interest question? (9th grade level)
Q: A school increases its intake by 10% each year. If it starts with 1000 students, how many will it have at the beginning of the fourth year of expansion? The answer from the answer sheet is 1331... more
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Interest Rates

03/22/16

Math problem HELP
Peter deposited a sum of money in SouthEast Bank. The money grew to $1300 in 8 months. SouthEast Bank pays simple interest at the rate of 6% per year. How much did Peter deposit?
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Interest Rates

03/08/16

interest problem
Adam sold a sports car that he restored for $48,000. He paid 28% of this amount to thebody shop that did some of the custom work. The balance was invested in two ways,some of it at 3.25% interest... more
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Interest Rates

02/26/16

I'm confused with this
Miss Crystal Palace just purchased – you guessed it – a crystal palace for $650,000. Shemakes a 25% down payment and finances the balance with a mortgage at an interest rate of5.6% for 15 years,... more
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