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The simple interest on an investment of $40000 for 3 years amounted to $6000. What rate of interest was paid?
Audley Rose
Interest paid = PTI / 100
Substituting
6000 = 40000 x 3 x I / 100
Algebraically rearrange
I = 6000 x 100 / ( 40000 x 3)
Cancel down by '1000'
I = (6 x 100) / (40 x 3)
Cancel down by '3'
I = ( 2 x 100) / 40 x 1)
Cancel down by '10'
I = (2 x 10) / ( 4)
Cancel down by '2'
I = (1 x 10 / 2)
=>
I = 10 /2
I = 5 % ( The rate percent at Simple Interest).
lenpollock
elenaleffler
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How much interest a year on 40000?
400
How much interest will you earn on 600000?
40000
What will be the Journal Entry for the following Example Goods sold to Geeta for Rs. 40000 with Interest?
Assuming that the interest is charged on the amount owed by Geeta for purchasing the goods, the journal entry would be: Debit: Accounts Receivable - Geeta (Rs. 40000) Credit: Sales Revenue (Rs. 40000) Credit: Interest Income (amount of interest charged)
What is 5 percent interest of 40000 dollars?
2000
How much km is in 40000 meters?
1000 metres = 1 kilometre so 40000 metres = 40000/1000 = 40 kilometres. Simple!
How much must you invest today to get 40000 interest annually?
That's going to depend on all of the following: -- what interest rate you can find -- how often the interest on the investment is compounded -- how you take your 40,000 annually ... how much and how often during the year. You haven't included any of that information in the question, so no answer is possible.
How many kilometer is equal to 40000 meters?
1000 metres = 1 kilometre so 40000 metres = 40000/1000 = 40 km. Simple!
What is the future value of 40000 with 5 percent interest in 5 years?
The face value is 40000*(1.05)10 = 65156 approx.
What is the future value of 40000 dollars with 5 percent interest in 10 years?
The face value is 40000*(1.05)10 = 65156 approx.
How many meters equals 40000 centimeters?
100 cm = 1 m so 40000 cm = 400 m. Simple!
How much interest does 40000 generate in a savings account?
There are four factors which determine the answer to "how much interest does 40,000 generate in a savings account". Namely, r - The rate of return the savings account pays k - The rate of compounding t - The length of time the money resides in the account P - the principal involved, in this case, $40,000 The formula for the balance, B, is generally expressed as a function of time, t B(t) = P [ 1 + (r/k) ] kt If the rate is 5%, compounded monthly for one year then the formula becomes B(1) = 40000 [ 1 + (0.05/12) ] ) 12x1 B(1) = 40000 [ 1 + 0.0041666 ] 12 B(1) = 40000 [ 1.0041666] 12 B(1) = 40000 ( 1.0511619 ) B(1) = 42,046.48 The amount of interest earned for that time frame is the difference between the final balance and the principal you started with or (42046.48 - 40000) which equals 2,046.48 Alternatively, you can use the basic formula for interest which is i = Prt which gives us i = 40000 x 0.05 x 1 i = 2,000 however, with this simple interest formula the effects of compounding are neglected. It is also possible for interest to be compounded continuously in which case we add the value e (e ~ 2.71828183) into our original equation or, B(t) = Pert B(t) = 40000e(0.05x1) B(t) = 40000 x 1.05127 B(t) = 42050.84 in which case our interest earned is 42050.84 - 40000 or $2,050.84. This is $4.36 more than if our money were only compounded monthly.
Fred invested 350 in the stock market. The value of his investment increased by 25 and then later decreased by 40. How much did the investment decrease in value from the time he first invested?
Total Investment= $35000+ $40000=$75000 Portfolio Beta = [(35000/75000) X .08] + [(40000/75000) X 1.4] = 0.78 Answer I came up with was 350 + 25% = 437.5 - 40% = 262.5
