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What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
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
How much less interest is earned at 6 percent simple interest for 5 years on a 10000 investment than a 6 percent rate compounded daily for 5 years?
3000
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.
How do you find interest rate?
To find interest rate you multiply the price by the time by the percent
What is 3000 over 4 as a percent?
% rate = 75000%= 3000/4 * 100%= 750 * 100%= 75000%
What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
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
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
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
How much less interest is earned at 6 percent simple interest for 5 years on a 10000 investment than a 6 percent rate compounded daily for 5 years?
3000
If you save 3000 at an interest rate of 14 percent per year how much will you have at the end of six years?
If the interest is compounded then you would have 6584.91
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 the average interest rate for a small business loan?
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
What percent is 1000 of 3000?
% rate = 1000/3000 * 100% = 33.33%
What percent of 64999 is 3000?
% rate:= 3000/64999 * 100%= 0.0462 * 100%= 4.62%
If Jackson is paid an interest rate of 10 percent on his savings but the inflation rate has risen to 20 percent the purchasing power of his savings is?
If Jackson is earning an interest rate of 10 percent on his savings while the inflation rate is at 20 percent, his purchasing power is decreasing. This is because the inflation rate exceeds the interest rate, resulting in a net loss of value in real terms. Essentially, he is losing 10 percent of the value of his savings each year due to inflation outpacing his interest earnings. Therefore, his savings are effectively becoming less valuable over time.
