answersLogoWhite

0


Best Answer

d 2.5 years

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How long will it take to earn 252 in interest if 1200 is invested at 7 percent annual interest rate?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?

1200


A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?

17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490


Alfred wants to invest 4000 at 6 percent simple interest rate for 5 yrs how much interest will he received?

1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200


What is the future value of 1200 a year for 40 years at 8 percent interest?

What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.


What would be the amount of 1200 invested yearly at 5 percent for 45 years?

1200 invested at 5%, at the end of the year will be worth 1200*1.05 = 1260. If this is done yearly, for 45 years, it will be 45*1260 = 56700.


What is the simple interest of 1200 at 5.5 percent for 2 years?

5.5% of 1200 is 66 2 x 66 = 132


How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?

6 ÷ 100 × 20000 = 1200


How much would 200000 invested at 5 percent interest compounded monthly be?

If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.


What is the simple interest of 2400 at 12.5 percent for 4 years?

2400*12.5/100*4 = 1200


What is the future value of 1200 after 5 years if the appropriate interest rate is 6 percent compounded monthly?

1862


What is 12.5 percent of 1200?

12.5 percent of 1200 is 150.


What is 75 percent of 1200?

75 percent of 1200 is 900.