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Q: How much interest is earned on a principle of 1500 at 6.3 percent for 5 years?

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18.90currency as an interest..

18.90 as an interest. and principle wil remain same.

$2400

400.

If the interest rate was eight percent, it would take about 9 years to double your principle.

It will be 160.

3000

Interest = 2472

T = 3yrs

If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).

320

10 years

2.25 percent apex

Interest alone would be 4.871463646 times the amount of the principle.

350*0.025*5 = 43.75

The answer depends on how the interest is compounded - but in simple interest compounded annually on $70,000 at 12 percent, the total value would be $383,150. The first year the investment would earn $8,400 ($70,000 x .12), and the "principle balance" would increase to $78,400. The second year interest would be earned on $78,400 ($70,000 + $8,400 earned in year one), which would be $9,408 ($78,400 x .12), making the new principle balance $87,808. Interest in the fifteenth year would be $41,052 paid on a principle balance of $342,098, for a total of $383,150.

963

$530.60

It is 80 currency units.

Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18

Kate invested 4500.

Total value = 20000*(1.06)2 = 22472 So interest = 2472

I=prt Switch the principle with the interest. Then work the equation out.

If the 3.5 percent is per year, with simple interest you have the equation: 2142 = 15300*0.035*t ; then solve for t = 4, so 4 years.

It was eight years.