Simple Interest
Interest of $7000 at a 3.2% rate for 2 years
$448
Interest of $4500 at a 6.7% interest rate compounded quarterly for 4 years
$4575.38
interest of $68900 at 5% interest rate compounded continuously for 7 years
$977737.54
You deposit $200 at the end of each month into an account that earns an annual interest rate of 6%, compounded monthly. How much money will be in the account after 5 years?
$83.21
A bank offers a savings account with a nominal annual interest rate of 6%, compounded monthly. What is the effective annual interest rate?
6.17%
Interest of $5400 at a 6.8% rate for 7 years
$2570.4
Interest of $68000 at a 5.6% rate compounded semiannually for 5 years
$72860.42
$44444 compounded continuously at a 5.55% rate for 3 years?
$52495.63
Sn=1100[(1+(0.017/4)^12/4-1)/0.017/4]
$1054.58
effective interest rate of 5% compounded daily?
(round to the nearest tenth)
5.1%
Interest of $78000 at a 12.4% rate for 18 years
$174096
interest of $5000 at a .12% rate compounded daily for 17 years
$5000.00
$700 compounded continuously at a 6.41% rate for 8 years?
$1168.97
Sn=44000
R=?
i=0.02/2
n=4
solve for R
$10836.37
effective interest rate of 1.23% compounded quarterly?
(round to the nearest hundreth)
1.24%
Interest of a 4440 at a 1.8% rate for 25 years
$1998
Interest of $7000 compounded monthly at a 1.34% rate for 8 years
$7005.21
$8020 compounded continuously at a 0.12% rate for 21 years?
$8224.67
what is the future value of $2000 if it is compounded monthly for 3 years at a .9% interest rate?
$498.60
effective interest rate of 0.694% compounded semiannually?
(round to the nearest thousandth)
0.695%
Suzie recently put $1200 into the bank to use on something special in the future. Her money is in an account with a yearly interest rate of 6.2%. How much money will be in her account after 4 years?
$297.6
Michael opened a savings account and deposited $4200.00 as principal. The account earns 4.6% interest, compounded quarterly. What is the balance after 4 years?
$4248.3
Dustin put some money into an account paying 4.5% compounded continuously for 10 years. He now has $3567.91. How much money did he start with?
$2275
Lucas deposits $50 at the end of each month into an account with an annual interest rate of 3%, compounded monthly. How many months will it take for his account balance to reach $3,000?
55.97 months OR roughly 4.7 years
An investment account from Hawkins Bank promises an effective annual interest rate of 9%. If the interest is compounded quarterly, what is the nominal annual interest rate?
8.71%