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find the interest on $4000 at 3.5% annual interest for 1 year 6 months
To find interest rate you multiply the price by the time by the percent
$60.00
Know the bond's face value, then, find the bond's coupon interest rate at the time the bond was issued or bought, then, multiply the bond's face value by the coupon interest rate it had when issued, then, know when your bond's interest payments are made, finally, multiply the product of the bond's face value and interest rate by the number of months in between payments.
The answer will depend on the rate on interest!
considered ordinary income
One can find highest interest rate savings accounts in the following; United Bank UK has 2% rate interest, Bank of Baroda has 1.90% fixed interest, and Barclays has 1.30% and .50% bonus for 12 months which is variable.
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
it works out at roughly 11.71% - although that is if interest is only applied annually, I reckon this is probably not the case though, in which case the effective interest rate would be lower.
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
To find interest rate you multiply the price by the time by the percent
As of July 2014, the national average interest rate is 5.159. However, this will change as months go by. The interest rate changes often.
The interest rate for a car loan for 36 months is as low as 2.99%. The interest rate for 48 or 60 months is 3.39%. The interest rate for 66 or 72 months is as low as 3.99%. Go on capital auto homepage for more details.
$60.00
It means that the interest is paid out every three months (quarter year). That means that the interest paid out after 3 months is earning interest for the remaining nine months. The quarterly interest rate is such that this compounding is taken into account for the "headline" annual rate. As a result, if the quarterly interest is taken out, then the total interest earned in a year will be slightly less than the quoted annual rate.
The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.