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If you invested 15000 In two accounts paying 6% and 8% annual interest. If the total interest for the year was $1120 how much interest was earned at each rate?
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.
What else can I help you with?
How much interest is earned on the account?
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
How can 56000 be invested part at 7 percent annual simple interest and the remainder at 5 percent simple annual interest do that so the interest earned by both accounts is equal?
Two equations. x+y=56000 .07x=.05y Solve both of these equations simultaneously and it will be the answer. x+(.07/.05 x)=56000
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 did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
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.
If 7558.20 in interest was earned after 12350 was invested at a simple interest rate of 7.65. How long (in years) was the money invested?
It was eight years.
12 percent of what number makes 1640?
an investmntment of 4000 is made at an annual simple interest rate of 8%. How much additional money must be invested at 12% so that the total interest earned is 1640?
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 is the amount of interest earned on an investment calculated?
The amount of interest earned on an investment is calculated by multiplying the principal amount invested by the interest rate and the time the money is invested for. This formula is typically expressed as: Interest Principal x Rate x Time.
How much money in interest will 4000000 dollars get?
The amount of interest earned on $4,000,000 depends on the interest rate and the duration for which the money is invested or borrowed. For example, at an annual interest rate of 5%, the interest earned in one year would be $200,000. If the interest is compounded, the total interest would be higher based on the compounding frequency. For a precise calculation, please specify the interest rate and time period.
What is included in salary tips and interest earned?
Salary refers to the fixed compensation received by an employee for their work, typically expressed as an annual amount. Tips are additional earnings that employees, particularly in service industries, receive from customers as a reward for good service. Interest earned is the income generated from savings accounts, investments, or loans, reflecting the cost of borrowing or the return on invested capital. Together, these components contribute to an individual's overall income.
If 3 000 is invested at 7 for 6months how much simple interest is earned?
$210.00
