117 Answered Questions for the topic Interest Rates

Interest Rates Compound Interest Interest

04/23/15

Compound interest question
At what nominal rate, compounded monthly, would $10,000 have to be invested to amount to $16,000 in 6 years?
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Interest Rates Compound Interest Interest

04/23/15

How long does it take for an account containing $5,000 to be worth $8,000 if the money is invested at 12% compounded annually?
 Need to know for my math course
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Interest Rates

03/31/15

How long will it take an investment to double at 10% annual interest?
assume that all interest rates are compound continously
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Interest Rates Word Problem Math 060

03/23/15

bank loan question
A bank loaned out $9,500, part of it at the rate of 3% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $325.00. How much was loaned at each rate?
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Interest Rates

03/21/15

If you invest $3600 per year at 8% for 42 years, you get $1,236,148. How do you get this number?
what's the formula?
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Interest Rates Interest

03/20/15

$6,000 account yields a 5.00% interest rate. How much must be added to this account so the total interest yields amounts to $1,000
$6,000 account yields a 5.00% interest rate. How much must be added to this account so the total interest yields amounts to $1,000
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Interest Rates

03/03/15

An investment of $6,000 is earning 4% interest compounded annually. How long will it take for the investment to double? (Round your answer the whole number)
An investment of $6,000 is earning 4% interest compounded annually. How long will it take for the investment to double? (Round your answer the whole number) 
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Interest Rates

02/24/15

sam borrowed some money at 9% interest and half this amount at 16%, at the end of the year she owed $34 in total interest. how much did she borrow at each rate?
unsure how to set up. i keep getting fractions.
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Interest Rates

02/24/15

An investment is of $4,600 is made at an annual simple interest rate of 6.8%
An investment is of $4,600 is made at an annual simple interest rate of 6.8%.How much money must be invested at an simple interest rate of 9% so that the total interest earned is 8% of the total... more
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Interest Rates

01/28/15

Flat rate interest of a loan on a car
What is the flat rate of interest per annum if a car is $15790 and is paid with a $500 deposit and $92 per week over 5 years?
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Interest Rates

01/26/15

Finding Time Periods
Suppose you deposit $12,000 in a bank account bearing 8.8% interest compounded monthly. How many months would it take (to the nearest month) for your account balance to top $15,000? Use the trial... more
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Interest Rates

01/26/15

Small Rate Differences #12-14
Fred invests $1500 at 2.5% APR compounded weekly, and George invests $1500 at 2.55% APR compounded weekly.  How much money does Fred have after 11 years?  How much money does George have after 11... more
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Interest Rates

01/06/15

A savings account earns 5% annual interest. The principal is $1200. What is the balance in the account after 4 years?
How do I solve this???????????????????????????????????
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Interest Rates

01/03/15

maths help
a xerox machine is available for rs 78000 or for 331/9% cash down payment and 11 equal monthly installments of rs 4900 each. what is rate of interest charged?
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01/03/15

Need help with inflation / interest rate problem?
I was doing a homework problem on how inflation would affect savers and borrowers, but I don't get how savers would be hurt if they receive a fixed-interest-rate. Suppose that I'm a saver and have... more
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Interest Rates

12/30/14

find the principal
Marleen is investing in a money market account. Find the principal of Marleen's investment if the interest earned is $2860.00 after 4 years at a rate of 5%
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Interest Rates

12/17/14

Interest on $180 for one month is $45. What is the annual percentage rate?
I have no additional information.  I tried computing the rate of interest for 1 month and got 25%.  Then I tried to compound the interest rate (.25 tothe twelfth   power).
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Interest Rates

12/08/14

increase rate of 9%?
in a certain city, the cost of housing is increased at a rate of 9% annually, this year the typical house cost 454,000 how much will the typical house cost in 4 years?
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Interest Rates

12/01/14

$1500 is invested at a rate of 10% quarterly. What is the balance at the end of 5 years?
$1500 is invested at a rate of 10% quarterly. What is the balance at the end of 5 years?
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Interest Rates

11/22/14

If I invest $100 per month starting at age 21, and that money earns a 7% return, how much will I have after 70 years?
If I invest $100 per month starting at age 21, and that money earns a 7% return, how much will I have after 70 years?
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Interest Rates

11/18/14

I wanted to take out a business loan for $10,000 with a 15% interest rate at the time of payback. what is 15% interest on top of $10,000
What would 15% interest be on top of 10,000 
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Interest Rates

11/09/14

If the simple interest on $3,000 for 8 years is $1,680, then what is the interest rate?
I don't understand how to get this. Please help.
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Interest Rates Word Problems

10/22/14

Three connected word problems about interest and bank accounts.
1)Imagine that your parents establish a savings account when your were born. They deposit $1500 with an interest rate of 2.45% compounded yearly. What will you balance be at age... more
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Interest Rates Finite Mathematics Annuities

10/11/14

How to set up and answer interest problems
The Thorntons have just welcomed their second child into their family. Due to the increased size of theirfamily, they decide to move out of their little 2 bedroom apartment. They have saved $20,000... more
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10/01/14

What is the finance charge on the credit card account?
Month: 31 days Previous Month's Balance: $950 Interest Rate: 21%   Date                Transaction May 3              made payment of $370 May 12            charged $106 for rental car May... more
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