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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 interest would have an investment of 7500 at 7 percent pa for 2 years earn?
75 x 7 x 2 = 1050
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
