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To calculate the interest earned in one year, you can use the formula: Interest = Principal × Rate × Time. Here, the Principal is the initial amount of money invested or borrowed, the Rate is the annual interest rate (expressed as a decimal), and Time is the duration in years (which is 1 for one year). For example, if you have a principal of $1,000 and an annual interest rate of 5%, the interest earned in one year would be $1,000 × 0.05 × 1 = $50.

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What is the percent of the princaple earned as interest in one year called?

The annual (or annualised) interest rate.


How much interest earned on 4000000 in one year?

The interest earned on $4,000,000 in one year depends on the interest rate applied. For example, at an annual interest rate of 2%, the interest would be $80,000. At 5%, it would be $200,000. To determine the exact amount, you would need the specific interest rate used.


How does one calculate times interest earned?

A times interest earned is calculated to determine how well a business could pay off its debts. It is calculated by taking the company's earnings before taxes and interest and dividing it by the interest on bonds payable and other debt.


Eric earns 6.5 simple interest annually on his savings account. He has a beginning balance of 459.32. How much interest does he receive?

To calculate the simple interest earned by Eric, you can use the formula for simple interest: ( \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} ). In this case, with a principal of $459.32, an annual interest rate of 6.5% (or 0.065), and assuming the time is 1 year, the interest earned would be ( 459.32 \times 0.065 \times 1 = 29.93 ). Therefore, Eric receives approximately $29.93 in interest for one year.


1000 dollars is invested in a savings account that pays 9 percent interest per year The interst earned after the first year is added to the account How much interest is earned on the following year?

$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10

Related Questions

When Taffy has a savings account with National Bank She earns 4.5 percent annual simple interest on 1239.12 How much will her money earn in interest in one year?

To calculate the interest earned in one year, use the formula for simple interest: ( \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} ). Here, the principal is $1239.12, the rate is 4.5% (or 0.045), and the time is 1 year. Thus, the interest earned will be ( 1239.12 \times 0.045 \times 1 = 55.76 ). Taffy will earn $55.76 in interest in one year.


How does one use a savings interest rate calculator?

One must first know a beginning balance. Then, an interest rate is required to calculate how much interest will be earned overall. Finally, one must also have a specified length of time during which money will be saved to earn interest. By plugging each of these factors into a savings interest rate calculator, one can calculate how much savings interest will be earned.


One thousand dollars in a savings account pays 7 interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principal the following yea?

After the first year, the account balance will be $1,000 + $7 = $1,007. In the second year, the interest earned will be 7% of $1,007, which equals $70.49. Therefore, the interest earned on the new principal in the following year is approximately $70.49.


What is the percent of the princaple earned as interest in one year called?

The annual (or annualised) interest rate.


How much interest earned on 4000000 in one year?

The interest earned on $4,000,000 in one year depends on the interest rate applied. For example, at an annual interest rate of 2%, the interest would be $80,000. At 5%, it would be $200,000. To determine the exact amount, you would need the specific interest rate used.


How much interest is earned on the account?

A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?


How can one determine the nominal interest rate for a loan or investment?

To determine the nominal interest rate for a loan or investment, you can calculate it by dividing the total interest paid or earned by the principal amount, and then multiplying by the number of periods per year. This will give you the annual nominal interest rate.


How does one calculate times interest earned?

A times interest earned is calculated to determine how well a business could pay off its debts. It is calculated by taking the company's earnings before taxes and interest and dividing it by the interest on bonds payable and other debt.


Jackie invested 12000 in a certificate of deposit at 6. She also put 3000 in a savings account at 3. How much interest will she earn after one year?

To calculate the interest Jackie will earn after one year, we can use the formula for simple interest: Interest = Principal × Rate. For the certificate of deposit (CD), the interest is ( 12,000 \times 0.06 = 720 ) dollars. For the savings account, the interest is ( 3,000 \times 0.03 = 90 ) dollars. Therefore, the total interest earned after one year is ( 720 + 90 = 810 ) dollars.


Eric earns 6.5 simple interest annually on his savings account. He has a beginning balance of 459.32. How much interest does he receive?

To calculate the simple interest earned by Eric, you can use the formula for simple interest: ( \text{Interest} = \text{Principal} \times \text{Rate} \times \text{Time} ). In this case, with a principal of $459.32, an annual interest rate of 6.5% (or 0.065), and assuming the time is 1 year, the interest earned would be ( 459.32 \times 0.065 \times 1 = 29.93 ). Therefore, Eric receives approximately $29.93 in interest for one year.


If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?

I


1000 dollars is invested in a savings account that pays 9 percent interest per year The interst earned after the first year is added to the account How much interest is earned on the following year?

$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10