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What annual installment will discharge a debt of Rs 1450 due after five year at 8 percent pa simple interest?

Well, isn't that a lovely question? To find the annual installment that will discharge a debt of Rs 1450 in five years at 8% simple interest, we can use a simple formula. Just divide the total amount by the number of years to find the annual payment. In this case, Rs 1450 divided by 5 years equals Rs 290. So, an annual installment of Rs 290 will help you clear that debt and bring a sense of peace and balance to your financial world.


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


Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?

75


Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?

62


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


What is the effective annual rate of 8 percent interest that is compounded monthly?

0.67 percent


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 percent of the princaple earned as interest in one year called?

The annual (or annualised) interest rate.


What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?

200


What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?

1.75%