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A man invests 20000 at an annual interest rate of 7 percent and 12000 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
Wiki User
∙ 14y ago
O.K. First of all, you need to know that I = P X R X T...Interest equals principal times rate times time. I = 20000 X .07 X 1 ++++++++++++++++ I =12000 X .075 X 1 (That's 7% above and 1 is for 1 year, see?) I = $1,400 I = $900 Now, add the two numbers above, 1400 + 900 = $2,300. That's it, easy huh?
Wiki User
∙ 14y ago
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How long will it take Mr Books to earn 675 in interest if he invests 4500 at an annual rate of 5 percent?
Assuming the interest is NOT compound - 3 years !
A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?
2.25
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
How long will it take Mr Books to earn 675 in interest if he invests 4500 at an annual rate of 5 percent?
Assuming the interest is NOT compound - 3 years !
A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?
2.25
Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
62
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
Huey is thinking about investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest Huey could earn?
2.25
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
Invests 2500 at 3.5 percent annual compouned monthly how much money will she have after 4 years?
Total (compound interest) = principal x (rate+ 1)^time, so plug in. 2500 x (1.035)^48 = 13033.9725. You can round this to 13,033.97
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
What is the annual interest rate of 1194 at 5 percent?
The 5% interest rate of 1194 is 59.7
