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If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
Lmt28
7% of 3,000 for 6 month
Wiki User
∙ 13y ago
Frances McCoun
$210.00
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How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?
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 .
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
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
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
What is the interest rate of 7 percent within a 6 months time?
42
What is monthly interest rate if annual interest rate earned is 5 percent?
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
How much interest will 10000 earn in 18 months if invested at 8 percent compounded semiannually?
1200
What is 6.99 percent of 12000.00 for 72 months?
6.99/100 * $12000 * 72/12 = $5032.80 interest earned
What is the simple interest of 3000 dollars invested at 7 percent for six months?
3000*(7/100)*(6/12) = 105 dollars
How much interest is earned in 9 months on a deposit of 7000 at 8 percent simple interest?
70 x 8 x 3/4 ie 420
How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?
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 .
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
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
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
How much money will a 5000 CD earn at an interest rate of 3 percent in eleven months?
5000 x 1.03 ^ (11/12) = your total interested earned
How do you calculate the interest rate for an amortazion if you have the total ammount invested the time period and the interest ammount 20683.00 6 months 863.00 int?
???????? I'm the best Justin
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
