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6 items are filed under this topic.
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Simple interest |
2011-12-11 |
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From sandeep:
Use the formula I = Prt to solve.
Damon deposits $500 into a savings account that pays simple interest
at a rate of 0.65% per year. How long will it take Damon to earn $130
in interest?
Answered by Penny Nom. |
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Simple interest |
2010-11-17 |
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From Abeth:
At what simple interest rate will a sum of money triple itself in 5 years time?
Answered by Penny Nom. |
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8% simple interest for 6 years |
2008-02-20 |
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From Tiffany:
cindy puts 5,025 in a bank account that earns a simple interest rate of 8%. How much money will be in the account at the end of 6 years?
Answered by Stephen La Rocque and Penny Nom. |
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Simple interest |
2007-11-08 |
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From Lee:
If a bank pays 3% simple interest anually on savings, and you did not take any money out of your account, how much money would you have deposited to earn $45 in interest
Answered by Stephen La Rocque. |
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Calculating interest |
2007-04-15 |
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From Gerry:
Calculate the amount of interest received on £120.00 desposited in an account paying
3% simple interest for three years.
Answered by Stephen La Rocque. |
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Interest owing |
2002-03-17 |
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From Dean:
I am an investor. If I lend to someone on January 1, 1999, $1000 to be paid back interest at 2% per year (simple interest, ie not compounded), and on July 15, 1999, I lend the same person $1,500 more (total loan is now $2,500) but at 18%, and once again on October 15, 1999, I lend to the same person another $1,500, and the person pays me back the principle($4,000) and interest on January 1,2001: What is the total (principle plus interest) due me? The tougher question is: what was my blended rate of return on my total outlay of money? Is there a formula you can give me so that I can perform my own calculations?
Answered by Harley Weston. |
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