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How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is the interest rate on the discover card for students?
The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.
How much money will be in a bank account after 3 years if 4 is deposited at an interest rate of 5 percent?
$4.63
What is the interest rate of 7 percent within a 6 months time?
42
After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
What does 2 percent monthly interest translate to in annual interest?
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
How long will a 9000 investment take to earn 180 interest at an annual interest rate of 8 percent?
3 months
Find the ordinary interest on 1800 for two months at the rate of 12 percent?
To calculate the ordinary interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is $1800, the rate is 12% (or 0.12), and the time is 2 months (which is 2/12 years). Thus, the interest is: Interest = $1800 × 0.12 × (2/12) = $36. So, the ordinary interest on $1800 for two months at a 12% rate is $36.
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
How much money will a 1000.00 CD earn at an interest rate of 0.25 percent in 6 months?
$1.25
How much interest will you earn on 74.3 million dollars?
Depends on interest rate where deposited.
