One billion dollars earning 10 percent interest will be how much in a year?
You would use this formula: 1,000,000,000(1+.1)^t. t would be the amout of years. put that into any graphing calculator with the number of years for "t" and you will get the amount.
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
Silk and tea Machinery and electrical appliances: 16.773 billion U.S. dollars, up 32.7 percent from the same period last year. High-tech products: 8.576 billion U.S. dollars, up 41.9 percent. Crude oil: 1.868 billion U.S. dollars, down 3.1 percent. Primary plastic products: 1.722 billion U.S. dollars, up 19.4 percent. Rolled steel products: 1.334 billion U.S. dollars, up 24.6 percent. Refined oil products: 568.637 million U.S. dollars, up 17.2 percent. Iron ore: 347.260 million U.S. dollars, up…