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Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!

Q: Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?

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The increase is 90 for a total of 1,890.

An increase of 114 to a total of 209.

The increase is 7.5 for a total of 57.5

Increase is 1.46 for a new total of 11.21

A 6.5% increase from 1,580 is: an increase of 102.7 for a total of 1,682.7

Related questions

After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.

The increase is 90 for a total of 1,890.

To calculate a 25% increase of 250, you would first find 25% of 250 by multiplying 250 by 0.25, which equals 62.5. Adding this increase to the original amount gives you a total of 312.5. So, 250 increased by 25% is equal to 312.5.

An increase of 114 to a total of 209.

An increase of 150 to a total of 7,650

An increase of 1.49 to a total of 31.33

An increase of 30 to a total of 54.

The increase is 7.5 for a total of 57.5

Increase is 1.46 for a new total of 11.21

An increase of 3,000 to a total of 15,000

An increase of 18.69 resulting in a total of 641.69.

A 6.5% increase from 1,580 is: an increase of 102.7 for a total of 1,682.7