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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
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
1000 dollars in a savings account pays 7 percent 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 year?
$74.90
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.
What is 1000 pesos interest for 2.5percent?
1000+2.50 percent
How much interest is 6 percent on 1000 000?
60,000
Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
62
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
What is 15 percent interest on 1000?
To calculate 15 percent interest on $1000, you first convert the percentage to a decimal by dividing by 100, which gives you 0.15. Then, you multiply the principal amount ($1000) by the decimal interest rate (0.15) to find the interest amount. Therefore, 15 percent interest on $1000 would be $150.
What is the interest earned?
Interest is a certain amount of money added on top of what you already have. For example: If you had £1000 in your bank account, and the bank added 5% interest, you would gain £50 free from the bank for keeping that £1000 in your bank.
What is interest earned?
Interest is a certain amount of money added on top of what you already have. For example: If you had £1000 in your bank account, and the bank added 5% interest, you would gain £50 free from the bank for keeping that £1000 in your bank.
What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?
Simple interest = 1000 * 5/100 * 3 = 150
