600.00$
Total = 10000(1+i)n Total = 10000(1.2321)2 Total = 12321 Change = interest gained = 12321 - 10000 = 2321
4000
With only one year the value is 11600
2.98 % = 0.0298; 0.0298 X 10000 = 298.
600.00$
Total = 10000(1+i)n Total = 10000(1.2321)2 Total = 12321 Change = interest gained = 12321 - 10000 = 2321
4000
simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26
4000
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change
With only one year the value is 11600
2.98 % = 0.0298; 0.0298 X 10000 = 298.
I am not sure what the highest interest rate offered would be. I am assuming it would not be more than fifteen percent because if it was, then it would be taking advantage.
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change
I=Prt I= 250*1*0.067 = 16.75
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18