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How much interest is earned on 269 at 10 for five years?

To calculate the interest earned on $269 at a rate of 10% per year over five years, you can use the formula for simple interest: Interest = Principal × Rate × Time. This gives you: Interest = $269 × 0.10 × 5 = $134.50. Therefore, the total interest earned over five years is $134.50.


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 would 3000 bring in 4 years at 7 percent?

To calculate the interest earned on $3,000 at a 7% annual interest rate over 4 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Plugging in the values: Interest = $3,000 × 0.07 × 4, which equals $840. Therefore, the total interest earned would be $840 over the 4-year period.


What is given by the formula you equals prt?

The formula ( A = P + I ) or ( A = P(1 + rt) ) is often represented in the context of simple interest, where ( A ) is the total amount of money accumulated after a certain time, ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (in decimal), and ( t ) is the time the money is invested or borrowed for, in years. The term ( I = prt ) represents the interest earned over that time period. Thus, this formula is used to calculate how much interest will be earned or owed on a principal amount over a specified period.


How much compound interest is earned on 15750 principal with an annual interest rate of 2 compounded annually over 3.5 years?

The analytical answer is 1130.34 but banks are not likely to round up when it comes to paying you money so I would say 1130.33

Related Questions

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


What information can be found in the interest table?

The interest table provides information about how much interest is earned or paid on a loan or investment over time, based on the principal amount and the interest rate.


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 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 much interest would 3000 bring in 4 years at 7 percent?

To calculate the interest earned on $3,000 at a 7% annual interest rate over 4 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Plugging in the values: Interest = $3,000 × 0.07 × 4, which equals $840. Therefore, the total interest earned would be $840 over the 4-year period.


What is given by the formula you equals prt?

The formula ( A = P + I ) or ( A = P(1 + rt) ) is often represented in the context of simple interest, where ( A ) is the total amount of money accumulated after a certain time, ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (in decimal), and ( t ) is the time the money is invested or borrowed for, in years. The term ( I = prt ) represents the interest earned over that time period. Thus, this formula is used to calculate how much interest will be earned or owed on a principal amount over a specified period.


How much interest earned on a loan?

depends on your bank.


How much compound interest is earned on 15750 principal with an annual interest rate of 2 compounded annually over 3.5 years?

The analytical answer is 1130.34 but banks are not likely to round up when it comes to paying you money so I would say 1130.33


Can you provide a detailed explanation of how to interpret an interest vs principal graph?

An interest vs principal graph shows the relationship between the amount of money paid towards interest and the amount paid towards the principal balance of a loan over time. The interest portion decreases as the loan is paid off, while the principal portion increases. This graph helps visualize how much of each payment goes towards interest and how much goes towards reducing the loan balance.


Susan has 800 in a savings account that earns 6 annually. If the interest is not compounded how much interest will she earn in 5 years A) 30.00 B) 48.00 C) 240.00 Eliminate D) 480.00?

To calculate the simple interest earned on Susan's savings account, use the formula: Interest = Principal × Rate × Time. Here, the principal is $800, the rate is 6% (or 0.06), and the time is 5 years. Therefore, Interest = 800 × 0.06 × 5 = $240.00. The correct answer is C) 240.00.


What would you use an amortization table for?

An amortization table is a schedule which breaks down your monthly repayments into principal and interest. You can use it to determine how much principal interest you will pay during your mortgage term.


How much is the ordinary interest on 600.00 at 6 percent for 45 days?

Depends on the principal!