sally put $1000 in a special account that earn 11% interest. how much interest (simple interest) did the account gain after 3 years
sally put $1000 in a special account that earn 11% interest. how much interest (simple interest)...
If you put $6,000 in a saving account that pays interest at the rate of 3% compounded annually, how much will you have in 5 years? (Hint: Use the future value formula.) How much interest will you earn during the 5-year period? If you put $6,000 each year into a savings account that pays interest at a rate of 4% a year, how much would you have after 5 years? Please explain your answers
5) Archaic Bank only offers Simple Interest Accounts at 2%. If you opened an account with $1000, how much would be in your account after 5 years? 6) You open an account at another bank paying compound interest. If you put $1000 in the account and the interest rate is 2%, how much will you have after 5 years if the money is a) Compounded annually b) Compounded quarterly 7) You found an old baseball card that increasing in value...
Allie has $1000 invested in an account with an APY of 3.6%. How much interest will she earn in one year? The amount of interest she will earn in one year is $ (Round to two decimal places.)
Allie has $1000 invested in an account with an APY of 3.9%. How much interest will she earn in one year? . The amount of interest she will earn in one year is $ (Round to two decimal places.)
If you put $300 per month in an account that gets 3.9% interest, how much will be in there by the time you retire in 30 years if your initial deposit is $1000? Use and show excel and formulas please, thank you
Simple Interest Problem: How much money is in an account after 6 years, if you initially deposit $838, with a simple interest of 5%? Interest is added annually.
If you put $5,790.42 into your 401(K) account that earns 7.5% interest annually, how much will be in your account after 45 years?
Sami's bank account earns 4% simple interest per year. If Sami deposits $500, how much simple interest will she earn in one year?
how much will $1000 deposited in a single savings account coming in a compound annual interest rate of 6 percent be worth at the end of the following number of years? 3 years
2. An account with $10,000 earning 3% simple interest for 5 years will earn less than an account earning 3% compounded interest for 5 years? A. True B. False