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Q: What is the interest on 250.00 at 4 percent for three years?

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Future value= 25000*(1.08)10 =53973.12

25000 x (1.02)14 = 32976.97. For comparison, compounded annually would give 25000 x (1.04)7 = 32898.29, not a huge difference but worth having!

4 time periods (eg 4 years if the 5% simple interest were added each year). In simple interest, the interest is added, but attracts no interest itself (that is compound interest) - only the original value attracts the interest: 5% of RM 25000 = RM 1250 added each time RM 30000 - RM 25000 = RM 5000 RM 5000 ÷ RM 1250 = 4 time periods

842.40

3.5

$149.35 per month for 22 years.

3900*.072*3=842.40

$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.

800 x (1.04)6 ie Rs1012.26

If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125

Simple interest: 144Compound interest: 152.64

Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.

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