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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.
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.
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?
1200
Do the future can means 5 months from now?
Yes.
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
What is future value of 1 calculated at 8 percent in 18 periods?
It depends on the period. -- If the period is 1 year, the future value is 3.996 . -- If the period is 6 months, the future value is 2.026 . -- If the period is 3 months, the future value is 1.428 . -- If the period is 2 months, the future value is 1.269 . -- If the period is 1 month, the future value is 1.196 . These are compounded values. If interest is simple, then the value after 18 years is 2.44 .
How much am I supposed to spend on my girlfriends engagement ring My friend says six months salary, but that seems ridiculous.?
The average amount a man should spend on his future wife's engagement ring is three months salary. That is based on an approximate income of $1500 per month.
How many months were there before Julius Caesar and Augustus Caesar added months after themselves?
The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.The same amount of months were in the calendar. They just renamed the months. By the way, Julius and Augustus Caesar did not name the months after themselves; the senate renamed them to honor the two Caesars.
What is the simple interest of 3000 dollars invested at 7 percent for six months?
3000*(7/100)*(6/12) = 105 dollars
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.
Kevin invested money in a savings acct at a rate of 5 percent simple interest After one year he has 4326.00 in the acct How much did Kevin originally invest?
4326 = p + ptr/100 where p is original investment, t is time (1) and r is rate per cent (5)4326 = p + 5p/100432600 = 105pp = 432600/105 = 4120is that divided by 100, shouldn't you add a 12 there for the amount of months he invested
