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How many years would it take to double 100 if it earned 7.75 percent interest per year?
Wiki User
∙ 14y ago
10 years
Wiki User
∙ 14y ago
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How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
How much would Kendra have in her account after three years if she started with 500 and earned 2 percent interest compounding annually?
$530.60
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
How much would Kendra have in her account after three years if she started with 500 and earned 2 percent interest compounding annually?
$530.60
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How long would it take 100 to double 5 percent?
As a rough guide to double any amount compounded annually, divide 70 by the interest rate. In this case that is 14 years.
What would be total interest for 16000 at 3 percent for 7 years?
you need an exponential function: y(x)=Ce^(kt), where y(x) = interest earned C = initial amount k = rate (have to divide the percent by 100 to get the actual rate) t = time y(x)= 16000e^(.03*7) = $19738.85 if you want to know how much you have just add the initial amount and the interest earned, hope this helps =] -ray
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
If a firm has both interest expense and lease payments would times interest earned be smaller than fixed charge coverage?
times interest earned be smaller than fixed charge coverage
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
If you invest 70000 at 12 return what is it worth in 15 years?
The answer depends on how the interest is compounded - but in simple interest compounded annually on $70,000 at 12 percent, the total value would be $383,150. The first year the investment would earn $8,400 ($70,000 x .12), and the "principle balance" would increase to $78,400. The second year interest would be earned on $78,400 ($70,000 + $8,400 earned in year one), which would be $9,408 ($78,400 x .12), making the new principle balance $87,808. Interest in the fifteenth year would be $41,052 paid on a principle balance of $342,098, for a total of $383,150.
