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What is 150 if invested for three years at 9 percent interest rate?
Updated: 12/19/2022
Wiki User
∙ 14y agoBest Answer
Assuming that this rate is for compound interest per year, then the formula for working out the rate is 150 x (1.09 ^ 3). Assuming this rate is in pounds, rounded to two decimal places, rounded to the nearest penny this is equal to £194.25. If this rate is in dollars, merely replace the pound sign with a dollar sign.
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∙ 14y agoThis answer is:
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150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
Calculate the future value of 150 if invested for three years at a 9 percent interest rate?
Value = 150*(1.09)3 = 150*1.295 = 194.25
Invested 1550 at 6.5 percent interest earned 302.25 interest after t years What is the value of t?
T = 3yrs
How long will it take to earn 252 in interest if 1200 is invested at 7 percent annual interest rate?
d 2.5 years
Interest rate is 5 percent and doubling time is 14.2 years If you have invested 7000.00 In how many years will you have 14000.00?
14.2 years
Related questions
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
What is the simple interest if 300 dollars is invested at 8 percent for 3 years?
72
Calculate the future value of 150 if invested for three years at a 9 percent interest rate?
Value = 150*(1.09)3 = 150*1.295 = 194.25
How long will it take to earn 525 in interest if 3500 is invested at a 6 percent annual interest rate?
2.5 years
Invested 1550 at 6.5 percent interest earned 302.25 interest after t years What is the value of t?
T = 3yrs
How long will it take to earn 252 in interest if 1200 is invested at 7 percent annual interest rate?
d 2.5 years
Interest rate is 5 percent and doubling time is 14.2 years If you have invested 7000.00 In how many years will you have 14000.00?
14.2 years
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
How much would 250 invested at 10 percent interest compounded continuously be after 8 years?
556.34
1000 is invested at 6 percent simple interest for 5 years how much is the earnings?
300 :D
What is the future value for 10000 invested for 5 years with an annual interest rate of 8 percent?
$14,693.28
Olivers grandfather invested 150 at 5 percent interest compounded quarterly When Oliver inherited it the amount was 6000 For how many years had the 150 been invested?
74 or 75 years
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