What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest earned in 217 days was $181.07? (Round the answer to one decimal place if needed)
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What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest earned in 217 days was $181.07? (Round the answer to one decimal place if needed)
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- What would be the annual percentage yield for a savings account that earned $54 in interest on $750 over the past 365 days? (Enter your answer as a percent rounded to 1 decimal place.)What would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly. How much interest would be earned after 3 years?
- Suppose you invest $103 nin a bank account, and five years later it has grown to $137.91. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. (a) If the account was subject to a force of interest δ(t) = kt where t is in years, k =? (b) If inflation is 1 percent a year, what is the adjusted effective yearly interest rate?
- The equation, A = P(1 + 0.037t), represents the amount of money earned on a savings account with 3.7% annual simple interest. If the amount after 5 years is equal to $1,422, what is the amount of the principal investment? $1,200 $1,422 $274.25 $294.86possible You invested $14,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $1230, how much was invested at each rate?In how many years will it take $18939accumulate to $34247 when you deposited in a savings account that earns 2.9 % compounded annually
- Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthlyWhat is the difference between the total simple interest earned and the total monthly compound interest earned on an investment of $1546 at 3.87% annual interest for 10 years1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. If the discount was converted monthly, the nominal discount rate is? (That is, d(12) = )
