0
What else can I help you with?
What is the rate of interest if a certain sum of money at compound interest becomes Rs. 7396 in two years and Rs 7950.7 in three years. find the rate of interest?
The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 7.2 for three years?
To calculate the interest on a simple interest loan, you can use the formula: Interest = Principal × Rate × Time. Here, the principal is $3,900, the rate is 7.2% (or 0.072 as a decimal), and the time is 3 years. So, Interest = 3900 × 0.072 × 3 = $842.40. Pauline will pay $842.40 in interest over three years.
You deposit 10 a month in a bank that offers an annual interest rate of 6. at the end of three years your balance is?
To calculate the balance after three years of depositing $10 a month at an annual interest rate of 6%, we can use the future value of a series formula. The future value of the deposits is approximately $392.49 after three years, considering the compounded interest. This amount takes into account the interest earned on both the principal deposits and the interest accrued over the three-year period.
How do you calculate effective interest rate of a simple interest of ten per cent for three years?
2(3)(10)/4 = 15%
What is the current interest rate for a three month CD?
The current interest rate for a three-month CD is around 0.15 to 0.25.
What is the interest rate to double money in seven years?
If you have an annual interest rate then is 10.405%
What interest rate does Capitol One Bank have?
Capitol One is a credit card, not a bank. All of their credit cards offer an interest rate of 19.8%, except for their Platinum Mastercard. That offers and extremely competitive interest rate of only 5.99% for the first three years.
If a sum on compound interest becomes three times in 4 years then with the same interest rate the sum will become 27 times in how many years?
If a sum becomes three times in 4 years, the growth factor is (3 = (1 + r)^4), where (r) is the interest rate. To find out how long it takes to become 27 times, we can use the relationship (27 = 3^3). Therefore, it will take (4 \times 3 = 12) years for the sum to become 27 times its original amount at the same interest rate.
At what rate of simple interest will the interest on Rs 925 be two-fifth of it in 8 years?
At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?
How much is the interest on a simple interest loan with a principal of 3900 at 7.2 for three years?
To calculate the interest on a simple interest loan, you can use the formula: Interest = Principal × Rate × Time. Here, the principal is $3,900, the rate is 7.2% (or 0.072 as a decimal), and the time is 3 years. Plugging in the values: Interest = 3900 × 0.072 × 3, which equals $842.40. Therefore, the interest on the loan is $842.40.
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 an IRA CD?
its an IRA with a fixed interest rate for some period of time between six months and three years.
