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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.
How do you calculate the interest earned in one year?
To calculate the interest earned in one year, you can use the formula: Interest = Principal × Rate × Time. Here, the Principal is the initial amount of money invested or borrowed, the Rate is the annual interest rate (expressed as a decimal), and Time is the duration in years (which is 1 for one year). For example, if you have a principal of $1,000 and an annual interest rate of 5%, the interest earned in one year would be $1,000 × 0.05 × 1 = $50.
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
How much interest would you earn on 200000?
The amount of interest you would earn on $200,000 depends on the interest rate and the time period for which the money is invested or saved. For example, at a 3% annual interest rate, you would earn $6,000 in one year. If the interest is compounded, the total interest could be higher over time. To calculate the exact amount, you would need to specify the interest rate and duration.
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.
How much interest on 100 million dollars in 1 year?
The amount of interest on $100 million in one year depends on the interest rate. For example, at a 1% interest rate, the interest would be $1 million, while at a 5% rate, it would amount to $5 million. If you have a specific interest rate in mind, I can calculate the exact amount for you.
How much interest on million rand in rands?
The amount of interest on one million rand depends on the interest rate and the duration for which the money is invested or borrowed. For example, if the interest rate is 5% per annum, the interest for one year would be 50,000 rand. To calculate the total interest, you can use the formula: Interest = Principal × Rate × Time. Adjust the rate and time according to your specific situation for accurate results.
A principal of 400 is invested in an account at 6 per year compounded annually. What is the total amount of money in the account after 5 years?
To calculate the total amount in the account after 5 years with a principal of $400 invested at an annual interest rate of 6% compounded annually, you can use the formula for compound interest: ( A = P(1 + r)^t ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the annual interest rate (as a decimal), and ( t ) is the number of years. Plugging in the values: [ A = 400(1 + 0.06)^5 \approx 400(1.338225) \approx 535.29. ] Thus, the total amount in the account after 5 years is approximately $535.29.
How much interest would you earn on 180 million pounds?
The interest earned on £180 million depends on the interest rate and the duration for which the money is invested. For example, at an annual interest rate of 2%, you would earn £3.6 million in interest after one year. If the rate is higher or lower, the interest earned would adjust accordingly. You can calculate the exact amount using the formula: Interest = Principal x Rate x Time.
What is formula for calculate maturity amount?
The maturity amount for a fixed deposit or investment can be calculated using the formula: [ A = P(1 + r/n)^{nt} ] where ( A ) is the maturity amount, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate (in decimal), ( n ) is the number of times interest is compounded per year, and ( t ) is the number of years the money is invested or borrowed. For simple interest, the formula is ( A = P(1 + rt) ).
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.
