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How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year?
2 years. 10% of 500 is 50.
How do you calculate interest rate of a number?
The simple interest rate of a number is represented by the following formula: i = (T / P) - 1 Where: i = interest rate T = total of all payments P = principal amount For example, what is the interest rate if I borrowed $500 and paid back $50 per month for a year? T = $50/month * 12 months = $600 P = $500 i = (600 / 500) -1 i = 1.2 - 1 = 0.2 = 20% The simple interest rate is 20%.
The term rate in percent problems refers to the?
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What is the highest interest rate allowed on past due invoices?
there is about 500
How much interest earned on 20000 at 2.5 percent interest?
To calculate the interest earned on $20,000 at an interest rate of 2.5%, you can use the formula: Interest = Principal × Rate × Time. For one year, this would be $20,000 × 0.025 × 1 = $500. Therefore, the interest earned on $20,000 at 2.5% for one year is $500.
How much time will a 500 investment need to earn 100 in interest at a rate of 100 per year?
If there are no typos in the question, then obviously 1 year!
What is the 6 percent Interest rate for 500?
I don't know nor do I care
Present value is so important for corporate finance?
$500 if interest for five years at a 7% interest rate
Where can I find a savings account calculator?
You can calculate the value of savings in an account by multiplying your savings by the annual interest rate eg savings of 500 with 1% interest are worth (500 x 0.01) + 500 = 505.
What is the simple interest per year on a principal of 500 at a rate of 7 percent?
35
Simple interest for Rs5000 at the rate of 5 percent for 2 years is?
Rs 500
