158 Answered Questions for the topic Interest

Interest

05/10/15

George Mason bought new appliances. He paid off the loan in 60 days, with an interest charge of $9. If Sears charges 10% interest, what did George pay?

George Mason bought new appliances. He paid off the loan in 60 days, with an interest charge of $9. If Sears charges 10% interest, what did George pay for the appliances?  

Please help me solve this word problem about money increasing and compounded semiannually

If $500 is deposited to an account paying 4.2% interested compounded semiannually, how long it will take for the account to increase to $900?(Round your answer to the whole number)

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?
Interest

04/12/15

simple interest

Kevin wants to start saving money for his sons college education. How much money must he deposit now into a savings account with an interest of 3% compounded daily so that he will have 45,000 in 15... more
Interest Math 6th Grade Money

04/08/15

A problem on percentages

  Diana invest $25,000 in the bank in at the beginning of the year. She will receive 7% interest at the end of the year but she will have to pay a 16% tax on the interest received.How much interest... more
Interest Interest Rates

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
Interest

03/16/15

find the interest on $79,946.13.

I hate this question help
Interest

03/07/15

How long will it take $3000 to grow to $21000 if it is invested at 6% compounded monthly

 Need help. Interest question for finite math
Interest

02/26/15

Principal and Interest

Suppose you have a 15-year loan for $314,000 with an APR of 6%. Using your calculator or Excel, make a table showing the amount of interest paid, the amount of principal paid, and the ending... more
Interest Finance

01/30/15

Interest on a reducing balance loan

For a reducing balance loan of $180000 at 9% p.a. over 12 years with fortnightly repayments of $932.75 what is the total interest payable? 
Interest

01/29/15

Compound Interest

$4800 is invested at 3.2% APR compounded semiannually. Use the compound interest formula to compute the balance in the account after 14 years. Balance =____$ (Round to the nearest cent.)$4800 is... more
Interest

01/29/15

APY Interest #8-10

Given an APR of 3.00%, calculate the APY for each of the following.(Round all answers to the nearest thousandth of a percent.)Annually %=Quarterly %=Monthly %=Daily %=
Interest

01/29/15

Simple vs. Compound Interest 2

Bank account A begins with a deposit of 2000 dollars and earns 4.75% simple interest annually. Bank account B also begins with 2000 dollars and earns 4.75% interest compounded annually. Bank... more
Interest

01/29/15

Solving the Principle #11I

Suppose you are going to need $12,000 in 15 years. If you can get an average of 6.1% APR compounded daily over that time, how much would you need to deposit now in order to meet your goal?
Interest

01/28/15

Simple vs. Compound Interest 2-5

Bank account A begins with a deposit of 2000 dollars and earns 4.75% simple interest annually. Bank account B also begins with 2000 dollars and earns 4.75% interest compounded annually. Bank... more
Interest

01/26/15

Compound Interest #6-7

$4800 is invested at 3.2% APR compounded semiannually. Use the compound interest formula to compute the balance in the account after 14 years. Balance =____$ (Round to the nearest cent.)  $4800 is... more
Interest

01/26/15

Simple Interest #1

Calculate the amount of money you will have in the following account after 10 years, assuming that you earn simple interest. You deposit $875 into an account with an annual interest rate of 3.25%.... more
Interest

01/22/15

find the monthly interest rate when APR = 9

find the monthly interest rate when APR = 9
Interest

12/08/14

$1700.00 for 15 months at 16% annual simple interest is how much interest?

How much is the total interest?
Interest

11/19/14

Alicia borrows $2800 from a bank. The bank charges 8% interest per year. If she pays off the loan in 1 year, how much does she have to pay?

I don't know how to do this word problem!!!
Interest

11/16/14

value/interest word problem

Meredith invests $1100 in one account and $1600 in an account paying 2 % higher interest. At the end of one year she had earned $248 in interest. At what rates did she invest?

11/01/14

Assume an investment of $6000 earns an APR of 6% compounded monthly for 16 months.

How much interest has been earned? (Round your answer to the nearest cent.)

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