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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 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
How much interest will be earned on 1250 at a 5 percent interest annually?
5% ($72.50) per year.
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
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 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
How much interest earned on a loan?
depends on your bank.
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.
How much interest wll be earned if 20000 is deposited in a bank at 8.5 percent per annum?
The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
How much interest will be earned on 1250 at a 5 percent interest annually?
5% ($72.50) per year.
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!
