0
Actually whenever we ask any question related to interest , we always require the time period also . On how much long time period , you want the interest . But , if time is not mentioned in question , then by default we take it as one year .
So , we can solve it by using the formula
I=(P*R*T)/100 .
So , the answer of this quetion is 51.4368 .
What else can I help you with?
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
How much interest will be paid on 350 if the rate of interest is 18 percent?
63 dollars
What is the continuous compounding rate equivalent to an effective interest rate of 18 percent?
2
What is the annual compound interest rate for an investment account modeled by the function y 12 1.18t?
The annual compound interest rate is 18 percent.
Calculate the monthly interest rate on a credit card that charges 18 percent annual interest?
1.5 or 1.50
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
How much money will a 5000 CD earn at and interest rate of 1.4 percent in 18 months?
To calculate the interest earned on a $5,000 CD at an interest rate of 1.4% over 18 months, you can use the formula: Interest = Principal × Rate × Time. Here, the time is 1.5 years (18 months). So, Interest = $5,000 × 0.014 × 1.5 = $105. Therefore, the CD will earn $105 in interest over 18 months.
How much per annum is 18 percent per month?
To calculate the annual interest rate of 18 percent per month, you first need to multiply the monthly rate by 12 to get the annual rate. So, 18 percent per month would be 18% x 12 = 216% per year. This means that the interest accrued annually would be 216% of the initial amount borrowed or invested.
How long will it take to pay off 1000 dollars if you pay the minimum of 35 dollars at 18 percent interest rate?
10
What were interest rates in 1978?
18 percent
Joe borrowed 900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent?
To calculate the simple interest Sam will earn, use the formula: Interest = Principal × Rate × Time. Here, the principal is $900, the rate is 4% (or 0.04), and the time is 6 months (or 0.5 years). So, Interest = $900 × 0.04 × 0.5 = $18. Therefore, Sam will earn $18 in interest from Joe.
