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What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
How many year a sum of rs 2500 will amount to rs 4500 at the rate of 8 percent per year simple interest?
It will take 10 years.
What is 5000 compounded annually at 4 percent for 5 years?
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
How long would it take 100 to double 5 percent?
As a rough guide to double any amount compounded annually, divide 70 by the interest rate. In this case that is 14 years.
Matt places 1200 in an investment account earning an annual rate of 6.5 percent compounded continuously Determine the amount of money that Matt will have in account after 10 years?
Matt will have $2,298.65.
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
How do you calculate the compound interest rate?
A= Principle amount(1+ (rate/# of compounded periods))(#of compounding periods x # of years)
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00 calculate your interest and your principle for two years?
18.90 as an interest. and principle wil remain same.
What is a fixed percent of a principle?
It is a fixed rate of simple interest.
What is 6 years at 30 percent?
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
Mathematically how do you find interest?
To calculate interest, you must first know the principle amount, the time of the term of the loan or investment, and the rate or percentage at which the principle amount grows. Once you have all three components, you then multiple the principle by the rate and then by the time.
What is dollar amount that needs to be deposited to have 3996.00 in the bank 18 years later at te rate of 8 percent?
$926.35
What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
What is 7 percent interest over 4 years for 1 million dollars?
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
If 64 amounts to 83.20 in 2 years what will 86 amount to in 4 years at the same rate percent per annum?
S.I on $ 64 for 2 years = $ 19.20 Rate = {100 * 19.20 /64 * 2} = 15% source- www.examville.com
