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How much simple interest would Kaitlyn earn on 300 at 6 percent for 6 months?
54
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
Where can you find answer for Holt math lesson 6-7 practice a simple interest?
13
If the simple interest on 6000 for 6 years is 2160 then what is the interest rate?
It is 6%, as 360 is earned each year.
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
Interest on five thousand at 6 percent for eleven how much is there?
Eleven..? months? years?. Simple or compound interest?
How much simple interest would Kaitlyn earn on 300 at 6 percent for 6 months?
54
What simple interest rate is equivalent to the simple discount rate 6.5 in discounting an amount in 6 months?
.5
What does borrowing 20 thousand dollars at simple interest rate of 8.9 per cent for 72 months mean?
Simple interest is calculated: Interest= Principle X Rate X Time. In this case Interest= 20000 X .089 X 6 (72 months= 6 yrs) which equals $10680 in interest. You would owe/pay $30680 at the end of the 72 months.
How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?
21.28
You want to borrow 125 from your dad if he loans you money for 2 months at 6 interest per month how much do you owe him?
Simple interest 140.00, compound interest (where interest is added to the previous months interest) 140.45
What payment 6 months from now would be equivalent in value to a 8825 payment due 11 months from now The value of money is 4.5 simple interest. Round your answer to 2 decimal places.?
To find the equivalent payment 6 months from now for an $8825 payment due 11 months from now at a simple interest rate of 4.5%, we first calculate the interest for the 5-month period (from 6 months to 11 months). The interest can be calculated as ( I = P \times r \times t ), where ( P = 8825 ), ( r = 0.045 ), and ( t = \frac{5}{12} ). Calculating the interest: [ I = 8825 \times 0.045 \times \frac{5}{12} \approx 16.57 ] Now, subtract this interest from $8825 to find the equivalent payment 6 months from now: [ Equivalent Payment = 8825 - 16.57 \approx 8808.43 ] Thus, the equivalent payment 6 months from now is approximately $8808.43.
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
Where can you find answer for Holt math lesson 6-7 practice a simple interest?
13
Solve simple investment problems using the simple interest rate method?
Alright, listen up, honey. To solve simple investment problems using simple interest, you just need to multiply the principal amount by the interest rate and the time period. Add the interest to the principal, and voila, you've got your total amount. It's basic math, darling, nothing to lose sleep over.
How do you do interest rate problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
You deposit 750.00 in an account that earns 5 percent simple interest How much interest will your money earn in 6 months?
7.5 x 2.5 ie 18.75
