Total = 10000(1+i)n
Total = 10000(1.2321)2
Total = 12321
Change = interest gained = 12321 - 10000 = 2321
It is 300.
600.00$
4000
The unstated interest on a ten-year note at 4.7 percent refers to the implied interest income over the duration of the note, which is typically calculated based on the principal amount. If the note is issued at par value, the interest income can be computed by multiplying the principal by the interest rate and the term of the note. For example, on a $1,000 note, the total interest over ten years would be $470. However, if the note is sold at a discount or premium, the actual cash flows may differ, affecting the effective yield.
With only one year the value is 11600
It is 300.
600.00$
4000
simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26
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
4000
The unstated interest on a ten-year note at 4.7 percent refers to the implied interest income over the duration of the note, which is typically calculated based on the principal amount. If the note is issued at par value, the interest income can be computed by multiplying the principal by the interest rate and the term of the note. For example, on a $1,000 note, the total interest over ten years would be $470. However, if the note is sold at a discount or premium, the actual cash flows may differ, affecting the effective yield.
With only one year the value is 11600
2.98 % = 0.0298; 0.0298 X 10000 = 298.
I am not sure what the highest interest rate offered would be. I am assuming it would not be more than fifteen percent because if it was, then it would be taking advantage.
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ 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
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest