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A sum of money doubles itself at compound interest compounded annually in 15 years-what is the rate of interest?
Wiki User
∙ 14y ago
The formula is (1+r)^n -1. r= rate of return (ie 100%) n=number of compounding periods so (1+1)^15 -1= 32767 or 3276700%
Wiki User
∙ 14y ago
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How many times interest be added to the principal in one year if the interest is compounded semi-annually?
twoo '
How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
5 percent interest compounded annually means percent paid every?
year
How do you determine the instantaneous rate of change of compound interest compounded annually?
The derivative is at*ln(a) wheret is the time period, ln is the natural log and a is the multiplier for the annual interest rate: eg if the interest rate is r% then a = (1 + r/100).
How much would 200 invested at 6 interest compounded annually be worth after 6 years?
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
What type of interest is on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
What type of interest is figured on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
Does Interest Compounded semi-annually double every year?
No.
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
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.
How many times interest be added to the principal in one year if the interest is compounded semi annually?
Twice
How many times interest be added to the principal in one year if the interest is compounded semi-annually?
twoo '
How many times will interest be added to the principal in 1 year if the interest rate is compounded annually?
Once.
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is 350 in 6 percent interest in four years?
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.
