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Earn +20 ptsQ: How much interest is earned 1000 x 2.5 percent for 8years?
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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
How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
How much interest is 6 percent on 1000 000?
60,000
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
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