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Q: How much interest would you earn if you deposited 300 at 6 percent for 27 months?

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54

1 percent of 2,000 is 20 .

If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .

300.00

Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15

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It is 41575.40

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(10000)(0.8)(5)/100 ~ 10400

At 8% per year, it would take 138 years, so that is 1656 months. If it was 8% per month, it would be 138 months.

Simple interest would be 360

Simple interest would be 1040

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