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Solve simple investment problems using the simple interest rate method?
Wiki User
∙ 14y ago
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
Wiki User
∙ 14y ago
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What interest applies when interest for each year is based on the amount of the loan or investment?
When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.
What approximate interest rate would an investor need to earn in order to double the value of an investment in six years?
Simple interest: 100/6 ie 16.67%
How to calculate compound interest using a monthly investment calculator?
A simple formula can be used to calculate the amount the dollar invested is worth over a monthly period. Use PV*(1+R)/N where PV is your present investment, R is your interest rate and N is the number of investment periods.
How much less interest is earned at 6 percent simple interest for 5 years on a 10000 investment than a 6 percent rate compounded daily for 5 years?
3000
How does simple and compound interest affect the result of your investment exercise?
it affects the result of your investment excercise by changing the percentage yearly! PS: Your working on your Personal Management Merit badge for trail to Eagle right?
How much interest is earned on the account?
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
When an investment pays only simple interest it means?
the interest rate is lower than on comparable investments
How do you figure out this math problem?
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
Suppose that you plan on investing into an account paying simple interest The formula for simple interest is I equals Prt where I is the interest earned on a investment of P dollars at the given rate?
No. I is as described for the stated period.
How simple interest and compound interest affect investment exercises?
Compound interest gives you more, but at a low interest rate (less than 10%), the difference is negligible.
Find the simple interest earned after 5 years on an investment of 2000 at 3.2 percent?
320
How do you solve problems quickly?
To solve problems quickly you must have simple but effective method.
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
Simple interest (compounded once) Initial amount(1+interest rate) Compound Interest Initial amount(1+interest rate/number of times compounding)^number of times compounding per yr
A loan at 6 percent interest over 5 years What is the total output?
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
What is the simple interest expressions?
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
What is the simple interest earned on an investment of 350 at 2.5 percent for 5 years?
350*0.025*5 = 43.75
