7.1875 % 20000*7/100*1=1400. 12000*7.5/100*1=900. 2300/32000*100=7.1875
If you invested 7580 and after 5 years you have 3126.75 then the annual interest rate is negative. It is -16.23%.
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
2500
20, assuming annual compound interest, 24 if simple interest.
Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.
If you invested 7580 and after 5 years you have 3126.75 then the annual interest rate is negative. It is -16.23%.
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.
DC: 15000Bonds: 65000 Stocks: 75000.
2.5 years
3125
3125
d 2.5 years
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%?
$14,693.28
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490