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Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?

2.25


Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?

62


Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?

75


Huey is thinking about investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest Huey could earn?

2.25


What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?

500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.


What is the monthly interest rate if the annual interest rate is 18 percent?

1.5% monthly


If a company borrows money from a banks as an installment note the interest portion of each annual payment will?

Equal the interest rate on the note times the carrying amount of the note at the beginning of the period.


What is the effective annual rate of 8 percent interest that is compounded monthly?

0.67 percent


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


What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?

200


What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?

1.75%


Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?

14.4%