answersLogoWhite

0


Best Answer

2,500

User Avatar

Wiki User

โˆ™ 2015-05-12 19:20:45
This answer is:
User Avatar
Study guides

Algebra

20 cards

A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

โžก๏ธ
See all cards
3.74
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
1030 Reviews

Add your answer:

Earn +20 pts
Q: How much money should be invest at ann annual rate of 12 percent in order to earn 300 interest in a year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How huch money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?

3125


How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?

3125


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


Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could earn betwee?

6.85


How much interest would be paid on 75000 at 0.65 percent?

if .65 is annual rate.. and you are calculating annual interest.. then 75000*.65/100 = 487.5 annual intrest just make sure the interest rate and period should be same. for example you need to calculate monthly intrest from above equation then u have to divide your answer by 12 487.5/12 = 40.625 monthly intrest


What is Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could ear?

Interest on 650 @ 4.9% = 650*4.9/100 = 31.85 Interest on 500 @ 5.0% = 500*5.0/100 = 25.00 So the 650 at 4.9% is clearly better.


Where should I invest my money?

There are many options for places to invest your money. Options such as high interest savings accounts, cd's, stock portfolios, and retirement accounts.


If you invest 5000 at 1.8 percent for 5 years compounded semiannually what is the amount in the account at the end of 5 years?

You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.


How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?

$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06


What does '10 percent Annual Equivalent Rate' mean?

Annual Equivalent Rate - AERInterest that is calculated under the assumption that any interest paid is combined with the original balance and the next interest payment will be based on the slightly higher account balance. Overall, this means that interest can be compounded several times in a year depending on the number of times that interest payments are made.In the United Kingdom, the amount of interest received from savings accounts is listed in AER form.Calculated as:Where:n = number of times a year that interest is paidr = gross interest rateInvestopedia Says:For example, a savings account with a quoted interest rate of 10% that pays interest quarterly would have an annual equivalent rate of 10.38%. Investors should be aware that the annual equivalent rate will typically be higher than the actual annual rate calculated without compounding.Above retrieved from Answers.comViper1


What should you do first when calculating simple interest?

change the percent to a decimal

People also asked