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What is the effective rate of 18600 invested for one year at 7 and one half percent compounded semiannually?
The annual equivalent rate is 15.5625%. The amount invested is irrelevant to calculation of the equivalent rate.
When invested at an annual interest rate of 8 percent an account earned 336 of simple interest in one year How much money was originally invested in the account?
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
If 4000 dollars is invested in a bank account at an interest rate of 6 per cent per year what will be the amount after 10 year if interest is compounded annually?
4000 x (1.0610) = $7163.39
What is monthly interest rate if annual interest rate earned is 5 percent?
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
Karl invested some money at 7percent interest and the same at 10percent His total interest for the year was 150 less than one-tenth of the total amount he invested how much did he invest at each rate?
He invested 5,000 at each rate. Let x represent the amount invested at 7% and y represent the amount invested at 10%. His total interest is therefore x+y. From the problem, we have the following equations (a and b): (a) .07x+.1y=.1(x+y)-150 AND (b) x=y Plugging (b) into (a), we get: .07x+.1x=.1(x+x)-150 .17x=.2x-150 .03x=150 x=150/.03=5000 Because x=y, y=5000 as well.
Julia invested 3000 at an annual interest rate of 5 percent. From last year to this year there has been a 4 percent inflation rate. After a year the purchasing power of her investment?
rose by 1 percent
Julia invested 3000 at an annual interest rate of 5 percent. From last year to this year there has been a 4 percent inflation rate. After a year the purchasing power of her investment .?
rose by 1 percent
Julia invested 3000 at an annual interest rate of 5 percent from last year to this year there has been a 4 percent inflation rate after a year the purchasing power of her investment?
rose by 1 percent
How much per annum is 18 percent per month?
To calculate the annual interest rate of 18 percent per month, you first need to multiply the monthly rate by 12 to get the annual rate. So, 18 percent per month would be 18% x 12 = 216% per year. This means that the interest accrued annually would be 216% of the initial amount borrowed or invested.
What are the highest interest rates for a one year investment?
The highest interest rates for a one year investment depend upon the amount of money invested and the risk factor involved. If one invests $2,500 with Discover Bank and purchases a CD for one year, the interest rate is .85%.
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
2500
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
