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What is the relationship between amount invested interest rate and amount invested?
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Olivers grandfather invested 150 at 5 percent interest compounded quarterly When Oliver inherited it the amount was 6000 For how many years had the 150 been invested?
74 or 75 years
If you have 2500 to invest at 6 interest compounded quarterly. For how many years will the money need to be invested for that amount to triple?
It will take 19 years.
A combined total of 24000 is invested in two bonds that pay 7.5 and 9 simple interest The total annual interest is 1935 How much is invested in each bond?
x = the amount of money that was invested at the first bond y = the amount of money that was invested at the second bond x + y = 24,000 so, y = 24,000 - x 0.075x + 0.09y = 1935 0.075x + 0.09(24,000 - x) = 1935 0.075x + 2160 - 0.09x = 1935 -0.015x = - 225 0.015x = 225 x = 225/0.015 x = 15,000, this is the amount of money that was invested in the first bond y = 24,000 - x y = 24,000 - 15,000 y = 9,000, this is the amount of money that was invested in the second bond Check it: 15,000 x 0.075 = 1,125 9,000 x 0.09 = 810 1,125 + 810 = 1,935
How much would 900 invested at 6 percent interest compounded continuously be worth after 4 years?
At 6% interest, the total amount of money increases by a factor of 1.06 (100% + 6%) every year, so to get the amount after 4 years, you calculate 900 x 1.064.
Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
What relation between income and interest?
Income is money coming in; it could be wages or capital gains, or interest on money invested. Interest is a percentage of money owed added to your bill when borrowing money, or the amount that you earn on money invested.
What is the daily interest on one billion dollars?
It depends on the interest rate at which the amount is invested.
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
The amount of capital the physician has invested in the practice is referred to as what?
The amount of capital that a physician has invested in the practice is referred to as the principle amount. The principle amount is usually expected to earn interest over time.
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
What is a compounding interest?
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
How much time has elapsed of the interest is now 127.50?
The answer will depend on the amount invested and the interest rate. Information on neither is provided in the question.
When invested at an annual interest rate of 8 percent an account earned 336 of simple interest in one year How much money was originally invested in the account?
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
Which variable in the simple interest equation you equals p r t represents the original amount of money borrowed or invested?
p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100
What is a principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is a Compound interest calculator?
A compound interest calculator is used for determining how much your invested money can make you in it's lifetime of being invested. This is useful in telling you how much a certain amount of money will make you when it matures.
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
