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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?
Wiki User
∙ 6y ago
It was eight years.
Wiki User
∙ 6y ago
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If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
What is the simple interest if 300 dollars is invested at 8 percent for 3 years?
72
How is interest different from compound interest?
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
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%?
If 3 000 is invested at 7 for 6months how much simple interest is earned?
$210.00
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
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
What is the simple interest earned on 700 invested at 5 percent annual interest for 2 years?
Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70
How do you write out a simple interest question?
Simple interest = money invested x rate/100 x number of 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 the difference between simple and compound interest?
Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.
How the simple interest found in investment?
Multiply the principal (P) by the annual* interest rate as a decimal (r) and the time in years* (t). *The time period may be expressed in months, etc. For example, $2000 invested at 7% simple interest for 5 years: I = Prt = 2000x0.07x5 = 140x5 = $700.
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
