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How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
Michael invested a total of 14000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 780 How much is invest?
6000=5% 8000=other CD
How many years will it take for 8000 to double at a simple interest rate of 6 percent?
6% of 8,000 = 480 Since interest is not compounded, you just keep getting 480 paid once every year. Mathematically, it takes 8,000/480 = 162/3 years to earn another 8,000. But the final payment isn't paid until the end of the 17th year. Until that moment, you've only collected 7,680. Then, at the end of the 17th year, you get the payment that brings the interest to a total of 8,160. Note that if the interest had only compounded annually ... you leave the interest in the account, and at the end of next year, 6% is paid on the total in the account ... it would double in only 12 years.
What is 1000 x 8000?
1000 x 8000 = 8,000,000
What are three numbers multiplied the same that 8000?
They are: 20*20*20 = 8000
8000 invested for 7 years at 8 percent compounded annually?
Assuming interest is added at the end of the year, the future value is 13,710.59
If you invest 8000 at 12 interest how much will you have in 7 years?
interest investments are collected annually (yearly) so you would take 12 % and multiply it by $8000. 8000 x .12 = 960 this means that you collect $960 annually from interest. so then multiply the $960 by your number of years (7). 960 x 7= $6720. Then you would add the interest you received from the investment and add it back to your innitial investment of $8000. 8000 + 6720= $14720.00
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
How do you figure out this math problem?
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
What is the annual simple interest rate if you have 1600 interest on 8000 for 1 year?
The rate is 1600/8000 = 1/5 = 20%
What is 13 percent interest on 8000?
Simple interest would be 1040
Show steps to solving 8000 invested for 7 years at 8 percent compounded annually?
The basic equation for compounded interest is: FV=PV(1+i)^nt FV=future value PV=present value i=interest compounded per term n=number of times compounded per year t=number of years For this situation: FV=? PV=8000 i=.08 n=1 t=7 Plugging the numbers into the equations gives you FV=8000(1+.08)^7 Solving gives you the amount of 13710.59 A way to roughly check your answer is to use the rule of 72. The rule of 72 is a method of seeing how long it would take to double ones money at a certain interest percent. The interest is 8% so divide 72 by 8 and you get 9. So at 8 percent it would take about 9 years to double your money. Since we only had 7 years, it makes sense that we did not double our money, but we fairly close to doing so, meaning that our answer is viable. This is only a way to roughly check the answer.
How many years ago was 8000 bc?
To calculate the number of years ago from 8000 BC to the current year (2021), subtract 8000 from 2021 to get 6019 years ago.
What is the value of n3 equals 8000?
N^3=8000 Take the cube root of N, and do it to the 8000 N=20 Because 20x20x20=8000
A company's fixed interest expense is 8000 its income before interest expense and income taxes is 32000 Its net income is 9600 The company's times interest earned ratio is?
Formula for times interest earned = earning before interest and tax / interest expense Times interest earned = 32000 / 8000 = 4 times
What would be the yearly earnings for a person with 8000 in savings at annual interest rate of 2.5?
8000*2.5/100 = 200
