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How much interest would you earn if you were to deposit 575 for 3 months at 2.88 percent simple inerest?
Wiki User
∙ 13y ago
2.88% means 2.88/100
= 0.0288
times principal
0.0288 * 575
= 16.56 * 3
= $49.68 simple interest
Wiki User
∙ 13y ago
Shayla Coachman
1,725
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How much interest is earned in 9 months on a deposit of 7000 at 8 percent simple interest?
70 x 8 x 3/4 ie 420
What does quarterly mean in compounded interest?
It means that the interest is paid out every three months (quarter year). That means that the interest paid out after 3 months is earning interest for the remaining nine months. The quarterly interest rate is such that this compounding is taken into account for the "headline" annual rate. As a result, if the quarterly interest is taken out, then the total interest earned in a year will be slightly less than the quoted annual rate.
What is 25 percent of 3 years?
0.75 year = 3/4 year = 9 months
When interest is compounded the total time period is subdivided into several interest periods for example 1 year 3 months 1 month How does compound interest affect the future value of an investme?
The more often interest is compounded (the shorter the interval), the faster the total value of the investment grows, and the more it's worth after any given period of time.
What is the present value of 2000 discounted back three years if the interest rate is 8 percent compounded monthly?
If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51
What is the interest that a 510 deposit will earn in 3 months at 4.25 percent simple interest rounded to the nearest cent?
(5.1 x 4.25)/4 = 5.42
What do you get if You deposit 750.00 in an account that earns 5 percent simple interest How much interest will your money earn in 6 months?
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
How much interest is earned in 9 months on a deposit of 7000 at 8 percent simple interest?
70 x 8 x 3/4 ie 420
You deposit 750.00 in an account that earns 5 percent simple interest How much interest will your money earn in 6 months?
7.5 x 2.5 ie 18.75
How much interest you ii get for 5 lakh in 2 months in fix deposit?
The answer will depend on the rate on interest!
How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Interest on five thousand at 6 percent for eleven how much is there?
Eleven..? months? years?. Simple or compound interest?
What is the interest rate of 7 percent within a 6 months time?
42
870 deposited at an interest rate of 6 percent for 9 months is?
1168.21
