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?
Interest
04/26/15
if $1000 is left in an account for 3 years and earns interest of $180, how much interest will it earn in 7 years?
Interest accumlation
04/24/15
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?
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
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...
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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...
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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
03/07/15
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...
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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...
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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...
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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...
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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...
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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%....
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Interest
01/22/15
find the monthly interest rate when APR = 9
find the monthly interest rate when APR = 9
Interest Finance
01/13/15
the annual interest rate on a credit card is 24.99% if a payment of $100.00 is made each month, how long will it take to pay off an unpaid balance of $2,487.56?
present value of an annuity?
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?
Interest Math Word Problem
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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