Ans 4.3%
SIMPLE INTEREST = | PRINCIPAL * RATE * TIME |
645.65 = | 1650 * RATE * 9.1 |
RATE = | 645.65 / (1650 * 9.1) |
RATE = | 4.3% |
What is the simple interest rate on a $1650 investment paying $645.65 interest in 9.1 years?...
-What is the simple interest rate on a $1050 investment paying $738.15 interest in 19 years? -Chasity wants $9,000 saved in 3 years to make a down payment on a house. How much money should she invest now at 5.2% compounded annually in order to meet her goal?
What is the interest rate that converts an investment of $30.47 into $285.09 in 16 years? You may round your answer to the nearest tenth
For this, use compounded interest rate unless it explicitly requires using simple interest. You would like an initial investment of $9,000 invested now to grow to $20,000 in 10 years. What interest rate (to the nearest tenth of a percent) must you earn to achieve your goal?
(1 point) An investment pays simple interest, and doubles in 12 years. What is the annual interest rate? Answer = percent
Question 16
A vehicle purchased for $32500 depreciates at a constant rate of 4 %. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole number. Preview Get help: Video License Points possible: 1 This is attempt 1 of 2 Submit 1 1) 1) 1/11 1/1) (1/1) 10.9/11 103) 310/6) 80 VO A * A # 3 $ 4 % 5 & 7 Il 6 8 9 E 20 т Y U 0 P
nual interest rate or $23,543 what 51) or as a ally to have $8,500 to buy 53) Solve the problem. 54) Jennifer invested $3000 in her savings account for 7 years. When she withdrew it, she had $4862.79. Interest was compounded continuously. What was the interest rate on the account? Round to the nearest tenth of a percent 55) The State Employees' Credit Union offers a 1-year certificate of deposit with an APY (or effective rate) of 5.59 If interest...
- To on the following investment. Five years after paying $3900 for shares in a startup company, you sell the shares for $1600 (at a loss). The total return is %. (Do not round until the final answer. Then round to the nearest tenth as needed.)
Cicely invests 3600 dollars in an account paying an effective
rate of interest of 6.4 percent. Two years later, she deposits an
additional 1950 dollars. If there are no other transactions, how
long will it take (from the time of the first investment) for her
account balance to reach 8400 dollars? (Assume simple interest
between compoundings.)
Answer = years and days.
(Note: your answer for the number of years should be a whole
number, while your answer for the number...
You were offered either a simple interest note or a simple discount note with the following terms: $33,264 at 8% for 18 months. Calculate the effective interest rate. (Do not round intermediate calculations. Round your final answer to the nearest tenth percent.) Please help I have been trying to do this problem for an hour and I can't find the correct answer
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula. 365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...