Best Answer

(15 x 6.75)/3 ie 33.75

Q: What is the simple interest of 1500.00 for 4 months at 6.75 percent annual interest?

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200

Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.

42

800

.05% or 1/20th of a percent

Related questions

200

Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%

3 months

18 months is 1.5 years, so you'll pay (1.5 x 11) = 16.5 percent of the principle at the end of that time. 16.5 % of 18,500 = (0.165 x 18,500) = $3,052.50

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.

20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000

It means that the interest is paid out every three months (quarter year). That means that the interest paid out after 3 months is earning interest for the remaining nine months. The quarterly interest rate is such that this compounding is taken into account for the "headline" annual rate. As a result, if the quarterly interest is taken out, then the total interest earned in a year will be slightly less than the quoted annual rate.

232.04 = one year 77.35 = 4 months

Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.

14 months

14

203