0
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 dollars of yearly interest?
Updated: 9/27/2022
Wiki User
∙ 14y agoBest Answer
To find 8% of an amount we multiply by 0.08
So we have an amount $x:
$x x 0.08 = $250
Rearranging gives
$x = 250/1.08 = $3125
Wiki User
∙ 14y agoThis answer is:
Add your answer:
Earn +20 ptsQ: How much money should be invested at an annual interest rate of 8 percent in order to earn 250 dollars of yearly interest?
Write your answer...
Submit
Still have questions?
Continue Learning about Math & Arithmetic
What is the future value for 10000 invested for 5 years with an annual interest rate of 8 percent?
$14,693.28
How long will it take to earn 252 in interest if 1200 is invested at 7 percent annual interest rate?
d 2.5 years
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
2500
When invested at an annual interest rate of 8 percent an account earned 336 of simple interest in one year How much money was originally invested in the account?
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
Related questions
How long will it take to earn 525 in interest if 3500 is invested at a 6 percent annual interest rate?
2.5 years
How huch money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How much money should be invested at an annual interest rate of 8 percent in order to earn 250 of yearly interest?
3125
How long will it take to earn 252 in interest if 1200 is invested at 7 percent annual interest rate?
d 2.5 years
What is the future value for 10000 invested for 5 years with an annual interest rate of 8 percent?
$14,693.28
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
2500
What is the annual interest rate if i invested 7580 and in 5 years i have 3126.75?
If you invested 7580 and after 5 years you have 3126.75 then the annual interest rate is negative. It is -16.23%.
When invested at an annual interest rate of 8 percent an account earned 336 of simple interest in one year How much money was originally invested in the account?
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
If you invested 15000 In two accounts paying 6% and 8% annual interest. If the total interest for the year was $1120 how much interest was earned at each rate?
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.
Julia invested 3000 at an annual interest rate of 5 percent. From last year to this year there has been a 4 percent inflation rate. After a year the purchasing power of her investment .?
rose by 1 percent
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.