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How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?
Wiki User
∙ 9y ago
365$ give or take :)
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∙ 9y ago
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What is compound interest of 1500 dollars for 5 years at interest of 5 percent?
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
What would 10 percent interest be on 1500?
1500*0.10=150
What is simple interest amount you earn at an annual rate of 8.25 percent when you invest 1500 for three years?
1st year --> .0825 * $1500 = $123.75 $123.75 + $1500 = $1623.75 after first year 2nd year --> .0825 * $1623.75 = 133.96 $133.96 + $1623.75 = $1757.71 after second year 3rd year --> .0825 * $1757.71 = $145.01 $145.01 + $1757.71 = $1902.72 after thid year Total amount made off of interest in three years is $402.72 So where is the world did you find a bank that gave you 8.25% interest?!?!
How much is in a savings account that started with 1500 and earned 4.25 percent compound interest for 2 years Round to the nearest cent?
How old is this problem that you're getting 4.25 percent on a savings account? Never mind. You don't mention how often the interest is compounded, so I'll assume it's yearly, and there are no deposits or withdrawals. 4.25 percent of 1500 is 63.75, so you have 1563.75 after one year. 4.25 percent of 1563.75 is 66.46, so you have 1630.21 after two years.
How do you calculate 2 percent interest per month on overdue accounts?
1500 dollars
What would 10 percent interest be on 1500?
1500*0.10=150
What is compound interest of 1500 dollars for 5 years at interest of 5 percent?
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
How much interest is earned on a principle of 1500 at 6.3 percent for 5 years?
472.5 i converted 6.3% to .063. multipled that by 1500 to find 6.3% of 1500 and multipled this by 5
What is simple interest amount you earn at an annual rate of 8.25 percent when you invest 1500 for three years?
1st year --> .0825 * $1500 = $123.75 $123.75 + $1500 = $1623.75 after first year 2nd year --> .0825 * $1623.75 = 133.96 $133.96 + $1623.75 = $1757.71 after second year 3rd year --> .0825 * $1757.71 = $145.01 $145.01 + $1757.71 = $1902.72 after thid year Total amount made off of interest in three years is $402.72 So where is the world did you find a bank that gave you 8.25% interest?!?!
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
How much is in a savings account that started with 1500 and earned 4.25 percent compound interest for 2 years Round to the nearest cent?
How old is this problem that you're getting 4.25 percent on a savings account? Never mind. You don't mention how often the interest is compounded, so I'll assume it's yearly, and there are no deposits or withdrawals. 4.25 percent of 1500 is 63.75, so you have 1563.75 after one year. 4.25 percent of 1563.75 is 66.46, so you have 1630.21 after two years.
How do you calculate 2 percent interest per month on overdue accounts?
1500 dollars
Savings account A has 1500 and pays 3.5 percent interest yearly Savings account B has 1400 and pays 4 percent interest yearly The savings account that earned the most interest after one year is?
Account B
What sum of money will produce the interest of Rs 180 at the rate of simple interest of 6 percent per annum in 4 year?
With simple interest the interest is not re-invested and does not gain interest.Rs 180 over 4 years = Rs 180 ÷ 4 = Rs 90 per year.Interest rate is 6% per year, thus Rs 90 = 6% of the capital→ 6% x capital = Rs 90→ capital = Rs 90 ÷ 6%= Rs 90 ÷ 6/100= Rs 90 x 100/6= Rs 1500
What is 32 percent of 1500?
32 percent of 1500 = 48032% of 1500= 32% * 1500= 0.32 * 1500= 480
If you only have 1500 to invest and the highest interest rate you can find is 3 percent compounded annually and you decide to wait 4 years to go on the trip how much money will you have to spend?
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
What is 10 percent from 1500?
10 percent of 1500 is 150.
