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How much interest will be paid on 350 if the rate of interest is 18 percent?
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∙ 7y ago
63 dollars
Wiki User
∙ 7y ago
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Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
How much will a dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
>about $15 <
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
How much a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
15.97 approx.
The clalisles borrowed 94000 to buy their first home the interest rate on their loan was 7.5 percent for 20 years how much interest will they have to paid after 20 years?
141,000
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
How much will a 1 deposit be worth after 24 years if the interest rate paid by bank is 7 percent?
about $5
How much will a dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
>about $15 <
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
How much will a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
bout $16
How much a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
15.97 approx.
The Carlisles borrowed 94000 to buy their first home The interest rate on their loan was 7.5 percent for 20 years How much interest will they have paid after 20 years?
141000
The clalisles borrowed 94000 to buy their first home the interest rate on their loan was 7.5 percent for 20 years how much interest will they have to paid after 20 years?
141,000
Lisa deposits 7000 into an account that pays a simple interest rate of 3 percent a year How much interest will she be paid in the first 6 years?
7000*0.03*6 = 1260
How much interest would you pay on a loan of 600 at 5 percent annal rate for two years?
5% interest rate has the multiplier of 1.05 per year. 600 x 1.05^2 = 661.50 interest paid =661.50 - 600 = 61.50
How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
