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Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
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∙ 14y ago
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∙ 14y ago
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Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
What is the interest on 950 invested for 4 years in an account that earns simple interest at a rate of 3 percent per year?
3% for 4 years is equivalent to 12% of the principal, in this case 12 x 9.5 which is 114.
A realtor earns 3 percent when she sells a house in addition to 1 12 an percent of the closing costs She sold a house for 180000 and her final earnings were 6320 How much did she get for the closin?
750
Angelo earns 2080 each month His total deductions are 30 percent of his pay How much is deducted from his pay each month?
b) $624.00
What is the interest on 1200 invested for 2 years in an account that earns 5 percent interest per year?
The answer, assuming compounding once per year and using generic monetary units (MUs), is MU123. In the first year, MU1,200 earning 5% generates MU60 of interest. The MU60 earned the first year is added to the original MU1,200, allowing us to earn interest on MU1,260 in the second year. MU1,260 earning 5% generates MU63. So, MU60 + MU63 is equal to MU123. The answers will be different assuming different compounding periods as follows: Compounding Period Two Years of Interest No compounding MU120.00 Yearly compounding MU123.00 Six-month compounding MU124.58 Quarterly compounding MU125.38 Monthly compounding MU125.93 Daily compounding MU126.20 Continuous compounding MU126.21
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
Cindy has a savings account with National Bank She earns 4.5 percent annual simple interest on 1239.12 What amount will she receive in interest in one year?
$55.76 = $1239.12 x 0.045
Do earls get half of the peasants money?
yes earls get half the money the peasant earns in a day.
A teacher deposited 3000 in a retirement fund If she didn't add any more money to the fund which earns an annual interest rate of 6 percent how much money would she have in 1 year?
A teacher deposited $3,000 in a retirement fund. If she didn't add any more money to the fund, which earns an annual interest rate of 6%, how much money would she have in 1 year
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
A teacher deposited 3000 in a retirement fund If she didnt add any more money to the fund which earns an annual interest rate of 6 percent how much money would she have in 1 year?
180
What is the principal amount which earns Rs24 as simple interest for 3 years at 10 percent interest per annum?
Rs 80.
Andrea deposited 300 in a savings account that pays 3 percent simple annual interest How much interest will Andrea earn at the end of 3 years?
With SIMPLE ANNUAL interest, the interest is only applied once at the end of each year. So: At the end of the first year she earns $3 in interest. Her balance is $303. At the end of the second year, she earns $3.03 in interest. Her balance is $306.03. At the end of her third year she earns $3.06 in interest. Her balance in now $309.09. She earned a total of $9.09. She can now buy the unicorn she has had her eye on, because she is living in a fantasy world (since there is no such thing as a savings account with 3% interest in todays economy. She'd be lucky to find one providing over 1%.)
Suppose you place 10000 in a retirement fund that earns a nominal interest rate of 8 percent If you expect inflation to be 5 percent or lower then you are expecting to earn a real interest rate of?
3 percent
