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Lance is thinking about investing 450 at 3.5 percent annual interest or 400 at 4.5 percent annual interest What is the difference in the amount of interest Lance could earn?
First choice 15.75, second 18.00, so better by 2.25 a year
Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could earn betwee?
6.85
How much interest is 0.20 percent?
0.20 percent is equivalent to 0.002 when expressed as a decimal. This means that for every $100, 0.20 percent represents an interest of $0.20. If applied to a different amount, you can calculate the interest by multiplying that amount by 0.002.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
Huey is thinking about investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest Huey could earn?
2.25
Lance is thinking about investing 450 at 3.5 percent annual interest or 400 at 4.5 percent annual interest What is the difference in the amount of interest Lance could earn?
First choice 15.75, second 18.00, so better by 2.25 a year
Mike needs help in choosing whether he should invest 650 at 4.9 percent for one year or 500 at 5.0 percent interest for one year What is the difference in the amount of interest Mike could earn betwee?
6.85
How much interest is 0.20 percent?
0.20 percent is equivalent to 0.002 when expressed as a decimal. This means that for every $100, 0.20 percent represents an interest of $0.20. If applied to a different amount, you can calculate the interest by multiplying that amount by 0.002.
What is the difference between the amount received from issuing a note payable and the amount repaid is referred to as?
Interest.
What is the percent charged or earned on an amount of money?
Rate of interest.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
What is the interest amount on 8.5 percent on 3400.00?
289 in the first year.
Calculate the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
32
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
