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The percent of interest one pays per year, known as the annual interest rate, varies based on the type of loan or credit agreement. For example, credit cards often have rates ranging from 15% to 25%, while mortgages might range from 3% to 7% depending on market conditions and the borrower's creditworthiness. It's essential to review the terms of any financial agreement to understand the specific interest rate applicable.
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Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how muchs vested 7?
$2400
What is 3 percent interest of 7500 over 1 year?
To calculate 3 percent interest on $7,500 over one year, you multiply $7,500 by 0.03 (which represents 3 percent). This gives you $225. Therefore, the interest earned on $7,500 at a 3 percent rate over one year is $225.
How much interest will 50000 earn at 3 percent for one year?
In simple interest, 50,000 would earn 1,500 in one year.
What is the percent of the princaple earned as interest in one year called?
The annual (or annualised) interest rate.
1000 dollars is invested in a savings account that pays 9 percent interest per year The interst earned after the first year is added to the account How much interest is earned on the following year?
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
Jonathan invested a total of 10000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 560 How much is inves?
4000
Shirley invested a total of 12000 in two certificates of deposit one pays 6 percent interest and the other pays 7 percent interest her total interest at the end of one year is 790 how much is investe?
A+ 5000
Savings account A has 1500 and pays 3.5 percent interest yearly Savings account B has 1400 and pays 4 percent interest yearly The savings account that earned the most interest after one year is?
Account B
Michael invested a total of 14000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 780 How much is invest?
6000=5% 8000=other CD
Benjamin has 6000 invested in two accounts One earns 8 percent interest per year and the other pays 7.5 percent interest per year If his total interest for the year is 472.50 how much is invested at 8?
$4,500
Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how much is invested at?
2,400
Mark deposited 1256 dollars from his summer job in a savings account that pays 4.5 percent interest How much interest will he earn after one year?
100
Harry has 4000 invested in two savings accounts One account earns 6 percent interest per year and the other pays 7 percent per year If his total interest for the year is 264 how muchs vested 7?
$2400
What is 3 percent interest of 7500 over 1 year?
To calculate 3 percent interest on $7,500 over one year, you multiply $7,500 by 0.03 (which represents 3 percent). This gives you $225. Therefore, the interest earned on $7,500 at a 3 percent rate over one year is $225.
How much interest will 50000 earn at 3 percent for one year?
In simple interest, 50,000 would earn 1,500 in one year.
What is the percent of the princaple earned as interest in one year called?
The annual (or annualised) interest rate.
1000 dollars is invested in a savings account that pays 9 percent interest per year The interst earned after the first year is added to the account How much interest is earned on the following year?
$98.10 in interest is earned in the following year.Year One:$1000 x 0.09 = $90$1000 + $90 = $1090Year Two:$1090 x 0.09 = $98.10
