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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
What is the original amount borrowed or invested is called the?
The original amount borrowed or invested is called the principal. This is the initial sum of money on which interest is calculated, representing the core value of the loan or investment before any interest or returns are applied. Understanding the principal is crucial for calculating interest and determining the overall financial implications of a loan or investment.
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.
Joan has twice as much money invested at 5 percent simple annual interest as she does at 4 percent if her yearly income is 350 how much does she have at each rate?
x = amount of money invested at 5% y = amount of money invested at 4% x=2y .05x+.04y=350 .05(2y)+.04y=350 .1y+.04y=350 .14y=350 y=$2500 x=$5000
What is the current value of future sum of money called?
The current value of a future sum of money is called its "present value." Present value represents the amount of money that needs to be invested today at a certain interest rate to equal the future sum at a specified date. This concept is fundamental in finance and investment analysis, as it helps compare the worth of money received at different times.
The amount of money invested or borrowed is called what?
principal
The amount of money invested in a corporation by the owners is called?
equity
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
Can you explain how earning interest works?
Earning interest is when you receive money on top of the amount you originally invested or deposited. The interest is a percentage of the initial amount, and it is paid to you by the bank or institution where you have your money. The more money you have and the longer you keep it in the account, the more interest you can earn.
What is the money an investor receives above and beyond the money initially invested called-?
The money an investor receives above and beyond the money initially invested called return
Money invested in a company is called?
Capital.
What is the money an investor receives above and beyond the money initially invested?
The money an investor receives above and beyond the money initially invested called return
What is the lowest amount of money that can be invested for Scottish Widows?
Different amounts are required for different investments. Contacting a Scottish Widows agent would be the best way to find out the lowest amount of money that can be invested.
Money invested in factories and industry is called?
Capital
How does the amount of money invested in a CD compare to the amount of money used to purchase a home?
The amount of money invested in a Certificate of Deposit (CD) is typically much smaller than the amount of money used to purchase a home. A CD is a low-risk investment with a fixed return, while buying a home requires a significant amount of money for the down payment and mortgage payments.
What is the lowest amount of money that can be invested in a CDARS account?
don't know why you ask
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.
