3000*(7/100)*(6/12) = 105 dollars
1200
763.89
$60.00
15,000*0.0425*5/12 = 265.625 unless it is compounded on a daily basis.
14
1200
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
7% of 3,000 for 6 month
763.89
$60.00
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.
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
of course it is 290 dollars
15,000*0.0425*5/12 = 265.625 unless it is compounded on a daily basis.
14
200