117 Answered Questions for the topic Interest Rates

Interest Rates Mortgage

02/16/16

jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?
jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?
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Interest Rates

01/31/16

If the simple interest on ?$2,000 for 5 years is ?$700?, then what is the interest? rate?
I have a test that is due tonight at 9 and normally I don't do this, but I really need this.PLs help  
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Interest Rates

01/28/16

Money is borrowed at 12%. After one year, $779.52 pays off the loan. How much was originally borrowed?
This question is for my math class
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Interest Rates Interest

01/18/16

Simple Interest
Phyllis invested 32000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these... more
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Interest Rates Compound Interest

11/20/15

The bank offers you a 6% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest
The bank offers you a 6% continuously compounding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be (use 3 significant figures... more
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Interest Rates

11/17/15

The bank offers you a 8% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest
The bank offers you a 8% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be?    
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Interest Rates

11/17/15

After 8 years, Jame's account earned $600 in interest, If the interest rate (in decimal form) is 0.06, how much did Jame's initially invest ?
After 8 years, Jame's account earned $600 in interest, If the interest rate (in decimal form) is 0.06, how much did Jame's initially invest ?
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Interest Rates Compounded Interest

11/09/15

A bank pays interest at an annual rate of 4% compounded continuously. How long will it take for your money to double?
Give 3 decimal places in your answer and include units. 
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Interest Rates

11/05/15

annual simple interest rate
Find the annual simple interest rate of a loan, where $1000 is borrowed and where $1080 is repaid at the end of 19 months
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Interest Rates

10/24/15

Interest rates
The annual interest on a $9000 investment exceeds the interest earned on a $6000 investment by $135. The $9000 is invested at a 0.5% higher rate of interest than the $6000. What is the interest... more
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Interest Rates

10/08/15

How do you calculate interest?
Sherrie invested some money at 7% interest. Sherrie also invested $242 more than 4 times that amount at 6%. How much is invested at each rate if Sherrie receives $427.13 in interest after one year?   more
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10/07/15

Math problem on bank interest
Mr. Jones borrowed $3,680 from Scotiabank for 6 months at 8.75% per annum. Find:(a) The sum of money Mr. Jones had to pay the bank as simple interest.(b) The total amount of money repaid to the... more
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Interest Rates

10/05/15

How much did the car originally cost
An individual agrees to pay $6,000 per year for three years to payoff a car loan. His payments are alwaysmade at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5% and in... more
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Interest Rates

10/03/15

Find the price the individual must have agreed to pay for the car.
An individual agrees to pay $6,000 per year for three years to payoff a car loan. His payments are alwaysmade at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5% and in... more
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Interest Rates

10/03/15

Compounded Interest annually
New members of a golf club are admitted at the start of each year and pay an initiation fee of $2,000 immediately. Thereafter, members pay an annual membership fee of $400, which falls due at the... more
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Interest Rates

09/28/15

How much must you invest at 10% annual interest compounded quarterly in order to have $8,000 after 10 years?
A. $2,979.44 B. $3,084.34 C. $5,464.11 D. None of the above
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Interest Rates Math Periodic Rate

09/16/15

Math Question
An oil company wants to drop the effective rate of interest on its credit card by 2.2%. If it currently charges a periodic rate of 1.20% per month, at what amount should it set the periodic rate?... more
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07/15/15

How long will it take $10,000 to grow to $12,000 if it is invested at an annual interest rate of 9% compounded monthly?
how to solve this?
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Interest Rates Investments

07/15/15

Mark put $10,000 into a growth-oriented mutual fund 10 years ago and his investment today is worth $126,000. What is his average annual rate of return?
how to figure this out?!?
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Interest Rates Math Math Word Problem

07/08/15

interest rates
i need help   Mike invests $22,000 for a year. He invests some at the 7% interest rate and some at the 6% rate. After one year, he receives $1420 in total interest. How much did he invest at each... more
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06/03/15

FIND INTEREST RATE
An initial investment of $205.50 is worth $413.75 after 11 years of continuous compounding.  Find the interest rate.
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Interest Rates

06/03/15

simple interest on a sum of money is 1/3rd of the sum itself and the number of years is thrice the rate percent. find the rate of interest.
question about simple interest.
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06/03/15

Compound interest and exponential growth
I have no idea how to start this. Please help.     Oppenheimer has a mutual fund where an investment of $5000 at an annual interest rate of 10% compounded semianually over 25 years will yield a... more
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Interest Rates

05/17/15

How much was invested at 3.75%?
Walt made an extra $10,000 last year from a part-time job. He invested part of the money at 2% and the rest at 3.75%. He made a total of $270.00 in interest. How much was invested at 3.75%?
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Interest Rates

05/17/15

How much money should be invested in each to realize exactly $1592 in interest per year?
Don James wants to invest $57,000 to earn $1593 per year. He can invest in B-Rated Bonds paying 3.4% per year or in a Certificate of Deposit (CD) paying 1.9% per year. How much money should be... more
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