The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
2(3)(10)/4 = 15%
If you have an annual interest rate then is 10.405%
Capitol One is a credit card, not a bank. All of their credit cards offer an interest rate of 19.8%, except for their Platinum Mastercard. That offers and extremely competitive interest rate of only 5.99% for the first three years.
At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
126
its an IRA with a fixed interest rate for some period of time between six months and three years.
Depends on your interest rate and the length of the loan... could be one year, two years, three years, etc.
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
It is 8%
Check with your local credit union. Orange CD from ING direct has a short term CD that you can put in 5000 for three years with a 3.24 % interest rate. Other then that bank and credit unions have CD for five years and a lower precentage rate.