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What is 200 at an annual interest rate of 5?
At an interest rate of 5 percent, $200 would earn $10 in one year.
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
How much would 300 invested at 7 percent interest compounded continuously be worth after 4 years?
396.93
How much would 200 invested at 4 percent interest compounded monthly be worth after 8 years rounded to the nearest cent?
1 month = (200/100)*4=208 2 month = (208/100)*4= 216,32 3 month = (216.32/100)*4 = 224.973 4 month = (224.973/100)*4 = 233.972 and so on It will be 8634.368 after 8 years * * * * * Well, it depends on whether this is a mathematical exercise or a real life question. If a mathematical question, the above answer is correct. However, according to this calculation, the annual equivalent interest rate is approx 60.1 percent. I cannot imagine any investment paying that sort of interest every year over an eight year period. What happens in real life is that the investment company quotes you the annual equivalent rate. So a 0.3274% monthly rate, compounded monthly over a 12 month period would be worth 4% per annum. So then the question simplifies to 4% annual equivalent interest for 8 years. Final value = 200*(1.04)8 = 273.71. Why 0.2374%? 1.041/12 (the twelfth root of 1.04) is 1.003274
How much interest would have an investment of 7500 at 7 percent pa for 2 years earn?
75 x 7 x 2 = 1050
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
Invest 10000 at 5 percent annual interest how much would you have in 3 years?
You will have $11576.25
What would the daily interest be on 36 million pounds when the banks interest rate is 3.15 percent AER?
310,685
What is 200 at an annual interest rate of 5?
At an interest rate of 5 percent, $200 would earn $10 in one year.
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
What would be the yearly earnings for a person with 6000 in savings at an annual interest rate at 5.5 percent?
$330.00
What is the monthly interest rate for a annual interest rate of 6 percent?
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
If during a given month your average daily credit card balance is 800 and your interest rate is 17 percent how much interest do you owe on your credit card for that month?
At 17%... you would pay 136 in interest at the end of the month in addition to the 800 outstanding. UNLESS you mean an ANNUAL rate of 17% - in which case the monthly interest payable would be 11.33
What is the interest amount on a loan of 3200 at 6 percent interest for 60 days a. 3.16 b. 31.56 c. 32.00 d. 384.00?
6% annual interest would be c.
Many credit card companie offer low introductory rates of 5.4 percent annual interest what would be the annual finance charge on a balance of 459.29?
24.80
