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At an interest rate of 5 percent, $200 would earn $10 in one year.
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∙ 10y ago
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How much simple interest is earned on a deposit of 800 at a annual rate of 5 percent after two years?
It is 80 currency units.
How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
You want to invest annualy for 30 years and earn interest for an additional 5 years to end up with 2000000 dollars at the end of 35 years so what is your annual payment?
That completely depends on what rate of interest you can expect your investment to earn, and how often you can expect the investment interest to be compounded. The assumed rate of interest has more effect on the final value than even the annual payment has, yet the question ignores it completely.
What is the future value of 1000 dollars in 5 years at interest rate of 5 percent compounded semi-annually?
The first responder posted this response:$1,280.08====================================The next responder posted this response:Assuming the 5% interest rate is the nominal annual rate, the first step is to calculate the effective interest rate.ieffective = (1+r/m)m - 1where r is the nominal rate (.05) and m is the compounding periods per year (semiannual = 2 compoundings per year).ieffective = (1+.05/2)2 - 1 = .0506Simply use this effective rate to solveFuture Value = Present Value * (1+i)nwhere i is the effective interest rate and n is the number of years.F = 1000*(1+.0506)5 = $1280.08
What is the simple interest earned on 700 invested at 5 percent annual interest for 2 years?
Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70
What is the annual interest rate of 1194 at 5 percent?
The 5% interest rate of 1194 is 59.7
You deposit $200 per year in a bank account that offers an annual interest rate of 6. After 5 years your total earnings in interest are?
The total interest is 67.65 dollars.
What is the annual interest rate if i invested 7580 and in 5 years i have 3126.75?
If you invested 7580 and after 5 years you have 3126.75 then the annual interest rate is negative. It is -16.23%.
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%
How much interest does 1000000 earn?
Depends on the rate. A 5% annual rate will give 50,000 for example.
What is the future value for 10000 invested for 5 years with an annual interest rate of 8 percent?
$14,693.28
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 monthly interest rate if annual interest rate earned is 5 percent?
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
How much will an investment of 100 become at 8 percent interest compounded monthly over 5 years?
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
Carrie could only afford to pay interest charges on her 4700 credit card balance If she paid 2350 in interest every month what was her annual interest rate?
5%
How long will it take Mr Books to earn 675 in interest if he invests 4500 at an annual rate of 5 percent?
Assuming the interest is NOT compound - 3 years !
200 5 percent for 1 year?
Interest = (Principal x Time x Rate)/100 = (200 x 1 x 5)/100 = 10
