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How many years does Steven need to invest his 3000.00 at 7 percent to earn 210.00 in simple interest?
Wiki User
∙ 11y ago
One year.
Wiki User
∙ 11y ago
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Jenny has thrice as much money invested in 15 percent percent as she invested at 12 percent percent if she gets 51300.00 from both investment how much did she invest at each rate?
jenny has thrice as much money invested in 15% as she invested at 12%. if she gets 51,300.00 from both investment how much did she invest at each rate?
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Prime brokerage is the generic name for a bundled package of services offered by investment banks and securities firms to hedge funds and other professional investors needing the ability to borrow securities and cash to be able to invest on a netted basis and achieve an absolute return.
How do you type sentences a lot faster?
As in everything we do, "practice makes perfect", so practice a lot. Work on watching the text and not the keyboard; use all ten fingers; and get used to making mistakes and correcting them on the fly. It also would not hurt to invest in a speed typing course or two.
If you have 300000 saved for retirement. What if your account earns 7 interest. How much will you be able to pull out each month if you want to be able to take withdrawals for 25 years?
You have not said if the 7% is APR, how it is accrued - yearly or monthly - and if you want to touch the capital invested or not. Assuming it is 7% APR compounded accrued monthly, then: Let p be the APR (p = APR% / 100) Let r be the multiplier for each month; it is found as: (1 + p)^(1/12) Let D be the amount you withdraw. Let C be the amount you invest. Assuming you withdraw at the end of each month after the interest is paid: At the end of the first month you will have Cr - D At the end of the second month you will have (Cr - D)r - D = Cr² - Dr - D At the end of the third month you will have (Cr² - Dr - D)r - D = Cr³ - Dr² - Dr - D At the end of the nth month you will have: Crⁿ - Drⁿ⁻¹ - Drⁿ⁻² - ... - Dr - D = Crⁿ - D(rⁿ⁻¹ + rⁿ⁻² + ... + r + 1) Now, the sum of a GP is given by: Sn = rⁿ⁻¹ + rⁿ⁻² + ... + r + 1 = (rⁿ - 1)/(r - 1) → At the end of month n you will have Crⁿ - D(rⁿ - 1)/(r - 1) left in you account. 25 years = 25 × 12 month = 300 months → n = 300 You have an APR of 7% → r = 1.07^(1/12) C = 300,000 You cannot take out more than is left in your account → Crⁿ - D(rⁿ - 1)/(r - 1) ≥ 0 → D(rⁿ - 1)/(r - 1) ≤ Crⁿ → D ≤ Crⁿ(r - 1)/(rⁿ - 1) → D ≤ 300,000 × (1.07^(1/12))^300 × (1.07^(1/12) - 1)/((1.07^(1/12))^300 - 1) → D ≤ 2,079.36 (approx) Which means you can take out up to 2,079.36 per month and it will last 25 years. (This will leave a few pennies as the real figure is slightly more than this but less than 2,079.37) If you take out less than this figure, it will last 25 years and you will still have some capital left. If you take out 300,000 × (1.07^(1/12) - 1) ≈ 1,696.24 each month, this is the monthly interest gained and so the capital will still be there after 25 years (even though it will be worth a lot less due to inflation - at 7% inflation prices double every 10 years, so if you get 7% interest, inflation is likely to be higher which means after 25 years your 300,000 will only be worth about 90,000 in today's money).
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Between $100 and $190 depending on a number of factors.
What if your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has 13000 to invest how much will she have at the end of four years?
Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
What is the percent to invest 1 million dollars to gain seventy thousand dollars in interest per year?
Seven percent.
How much money is ten percent interest?
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
Invest 10000 at 5 percent annual interest how much would you have in 3 years?
You will have $11576.25
If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?
The total interest would be 73606.07 dollars, approx.
What amount is profited after one year if you invest 1000 per year at 6 percent interest?
6.85
How many years does steven need to invest his 3000 at 7 percent tp earn 210 in simple interest?
Answer : 1 year The formula for calculating simple interest is I = PRT/100, where I = Interest, P = Principal Amount, R = Rate of Interest, T = Time. Then, 210 = 3000 x 7 x T/100 : 21000 = 21000T : Then T = 21000/21000 = 1
Janet invested 26000 part at 6 percent and part at 3 percent if the total interest at the end of the year is 1080 how much did she invest at 6 percent?
$10,000
Interest rate is 9 percent and doubling time is 8 years If you invest 5000.00 what will it grow to in 24 years?
Interest rate is 9 % and doubling time is 8 years. If you invest $5,000.00, what will it grow to in 24 years?
How much must you invest today single CF to accumulate 81336 at the end of 15-years if the rate of interest is 4.5-percent compounded annually?
You need to invest 42027.98
A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
How much interest do you get from a bank if you invest 150000 dollars at 2.27 percent?
That depends on how often it's compounded. If it's once a year, 2.27 percent of 150000 is 3405.
