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Earn +20 ptsQ: What is 16 percent interest rate on 3000 over a year?
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Continue Learning about Math & Arithmetic
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 do you find interest rate?
To find interest rate you multiply the price by the time by the percent
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
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