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Earn +20 ptsQ: What Is the percent of the principal paid as interest per time period?
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What is the percentage of interest when the principal is 3500.00 the term is 3 months and the interest paid is 525.00?
.05% or 1/20th of a percent
How much will a 1 dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
At simple interest, it would be $3.88 (6 cents per year for 48 years = 2.88). At compound interest, credited annually, it would be $16.39 (rounded). At compound interest, credited quarterly, it would be $17.44 (rounded). Compounding means that once credited, the interest becomes part of the principal for the next interest period.
How is interest different from compound interest?
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
What is the future value of 100000 dollars with 5 percent interest in 10 years?
Assuming interest is paid annually, 100000*(1.05)10 = 162889.46
How much will a 1 deposit be worth after 36 years if the interest rate paid by the bank is 8 percent?
bout $16
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