If there are no typos in the question, then obviously 1 year!
2 years. 10% of 500 is 50.
Simple interest: 100/6 ie 16.67%
If t is the period in years, then the value of the investment after t years satisfies the equation Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
That depends on the specifics of the details. For a long loan varying the time of investment might not make much difference since the proportion of the change is small while the interest rate will have a large impact. For a short loan varying the interest rate might not have time to have much impact while variations in the length might make a large impact (being bigger changes proportionally). The two depend on each other too much to have a general rule about which has a bigger impact, you need to first narrow your region of interest down to a general range of rates and times and then see which has a bigger impact in that region with some quick calculations.
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
2 years. 10% of 500 is 50.
Simple interest: 100/6 ie 16.67%
you dont need any credit cards you can live off cash and money you earn and not pay ridiculously to much in interest.
If t is the period in years, then the value of the investment after t years satisfies the equation Y = 1000+500 = 500*(1+10/100)t So that t = ln(3)/ln(1.1) = 11.5 years.
No. Banks will offer interest only on active bank accounts. Dormant accounts are inactive and do not earn any interest. Customers need to keep their accounts active if they wish to earn an interest through their accounts
5500
Whole life insurance also has an investment component, so money made on the investment is taxed. If you have term insurance, then there is no interest earned, since it is strictly insurance.
The sixth root of 2 (which can be calculated as 2 to the power (1/6)) is 1.1225. If you subtract one, you get 0.1225, so 12.25%.
Not enough information. You also need to know: * The final amount of money * Whether simple or compound interest is known
12%
Depends on Mortgage financial plan (time), interest rate, and region (property tax).
However much your heart desires