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What grows by 2 percent per annum?
Your capital in a poor savings account.
What is the monthly interest on 13 percent per annum?
It's 11/12 percent of whatever principle you still owe.
A sum invested at 5 percent simple interest per annum in 2.5 years will grow to?
It will grow to nine eighths of the original sum.
What is 20000 in 5 years with 7 percent interest compounded semiannually?
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
What initial investment at 7.5 percent compounded semiannually for 3 years will accumulate to 15000?
The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42The answer depends on whether the 7.5 percent refers to an annual equivalent rate (AER) or a semi-annual rate.If it the AER, then the amount is 12074.41 (approx).In the unlikely event that it is the 6-month rate (equivalent to almost 15.6% per annum), the initial amount is 9719.42
