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Under normal commercial practice. use compound interest /
I(n) = I(o)[ 1 + r/100]^(n)
Hene
I(10) = 3500[1 + 6/100]^(10)
I(10) = 3500[ 1.06^(10))
I(10) = 3500 *1.790847697
I(10) = 6267.966938
I(10) ~ 6267.97
Amount of interest paid is 6267.07 = 3500 = 2767.97 is the amount of interest paid .
What else can I help you with?
Compound interest on 8 percent of 3500 for 3 year?
4408.992
How much will 3500 dollars be worth in three years with one percent interest?
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
What is the simple interest on 3 500 at 9 ½ percent for 1 ½ years?
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
What is 16 percent of 3500?
16 percent of 3500 is 560.
What is 6.25 percent of 3500?
6.25% of 3500= 6.25% * 3500= 0.0625 * 3500= 218.75
How long will it take to earn 525 in interest if 3500 is invested at a 6 percent annual interest rate?
2.5 years
Compound interest on 8 percent of 3500 for 3 year?
4408.992
How much will 3500 dollars be worth in three years with one percent interest?
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
What is the simple interest on 3 500 at 9 ½ percent for 1 ½ years?
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
What is 16 percent of 3500?
16 percent of 3500 is 560.
What is 13 percent of 3500?
13% of 3500= 13% * 3500= 0.13 * 3500= 455
What is 6.25 percent of 3500?
6.25% of 3500= 6.25% * 3500= 0.0625 * 3500= 218.75
How 15 percent in 3500?
15% of 3500 = 15% * 3500 = 0.15 * 3500 = 525
What is FIFTY percent of 3500 dollars?
50% of $3500 = 50% * 3500 = 0.5 * 3500 = $1750
If Marty maintains an average balance of 3500 dollars on a credit card that he uses only for necessary purchases and the bank charges 19.9 percent interest how much interest will he pay?
He pays $696.50 interest.
How do yu write 35 as a percent?
It is 3500%.
What percent is 3500 out of 5000?
3500 is 70% of 5000.
