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An account earns 3460 per month after receiving a 6 percent raise what was the accountants monthly income before raise?
let Accountants monthly income before raise in income be x
then x + 6x\100 = 3460
106x/100 =3460
x = 3264.15
therefore accountants monthly income before raise was 3264.15
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Jim has 500 in his bank account at the start of the year If his account pays out 3.4 percent interest compounded monthly how much money should he have at the end of the year?
704
How much will your 10 million dollar account earn at the end of two years if it is compounded monthly at 6 percent?
14,400,000 dollars
What would be the ending balance of a 1290 savings account earning 12 percent interest compounded monthly after 1 year?
12 percent, compounded monthly is the equivalent of an annual rate of approx 390%. At that rate, 1290 would be worth 5025.81 (approx).
How much is monthly interest on 150000 at 3 percent?
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
If you have 2000 in an account at the start and wish to add 100 to it monthly how much will you have in 40 years if you assume an 8 percent consistent growth rate compounded monthly?
$397,647.60 Hopefully I did it right. If someone could check it and remove this line, then I would appreciate it.
Kelly had 24 customers open an account during the month which is 60 percent of her monthly goal what is her monthly goal?
40.
Calvin's monthly mortgage payment is 1580 30 percent of the payment is put into an escrow account. next year his loan will increase by 6.5 percent . what will his total monthly?
168270
Jim has 500 in his bank account at the start of the year If his account pays out 3.4 percent interest compounded monthly how much money should he have at the end of the year?
704
What is 7 percent compounded monthly?
It means that at the end of every month, (7/12) of 1 percent of the lowest value of your account during the previous month is added to it.
How much will your 10 million dollar account earn at the end of two years if it is compounded monthly at 6 percent?
14,400,000 dollars
What would be the ending balance of a 1290 savings account earning 12 percent interest compounded monthly after 1 year?
12 percent, compounded monthly is the equivalent of an annual rate of approx 390%. At that rate, 1290 would be worth 5025.81 (approx).
Julio has a revolving credit account at an annual percentage rate of 18 percent His previous monthly balance is 362.11 Find the new balance if Julio's account showed the following activity?
$639.90
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
How much is monthly interest on 150000 at 3 percent?
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
If you have 2000 in an account at the start and wish to add 100 to it monthly how much will you have in 40 years if you assume an 8 percent consistent growth rate compounded monthly?
$397,647.60 Hopefully I did it right. If someone could check it and remove this line, then I would appreciate it.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
A family spends 85 percent of its monthly income and saves the balance If the family saves 360 dollars per month what is its monthly income?
If the family saves $360, that represents 15 percent of their monthly income (since they spend 85 percent). To find the monthly income, you can set up the equation: 0.15 * Monthly Income = $360. By dividing $360 by 0.15, the monthly income is calculated to be $2,400.
