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What equal annual installment will discharge a debt of 2070 due in 5 years at 10 percent simple interest?
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∙ 10y ago
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∙ 10y ago
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What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What is John's annual yield when John buys a 1000 bond that pays 6 percent annual interest at 75?
8
What is the simple interest of 1500.00 for 4 months at 6.75 percent annual interest?
(15 x 6.75)/3 ie 33.75
What annual installment will discharge a debt of Rs 1450 due after five year at 8 percent pa simple interest?
X = 100 * P * (Y) / 100 T + { RT ( T -- 1 ) /2}Meanings of the variablesX = Annual equal installmentP = DebtT = TimeR = Interest RateY = 1 for yearly installmentY = 2 for half yearly installmentBY putting the valuesX = 100*1450/100*5+{8*5*4/2}X = 145000/500+80X= 250Logic :After 1st year installment will b = installment + interest of 4 years = 250+250*8*4/100 = 250+80=330.After 2nd year installment will b = installment + interest of 3 years = 250+250*8*3/100 = 250+60=310.After 3 year installment will b = installment + interest of 2 years = 250+250*8*2/100 = 250+40=290.After 4 year installment will b = installment + interest of 1 years = 250+250*8*1/100 = 250+20=270.After 5 year installment b = 250By adding these installment = 330+310+290+270+250 = 1450.
Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?
2.25
Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
62
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
Huey is thinking about investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest Huey could earn?
2.25
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
What is the annual interest rate of 1194 at 5 percent?
The 5% interest rate of 1194 is 59.7
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
