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Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?
2.25
What is the percent of the princaple earned as interest in one year called?
The annual (or annualised) interest rate.
What is the difference between CD interest at maturity and monthly interest payments?
CD interest at maturity is the total interest earned on a certificate of deposit when it reaches its maturity date, while monthly interest payments are the interest earned and paid out on a monthly basis.
How much interest will be earned in an account into which 1000 is deposited for one year with continuous compounding at a 13 percent rate?
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
How much interest does a 100 million dollars earn a month?
The amount of interest earned on $100 million in a month depends on the interest rate applied. For example, if the annual interest rate is 2%, the monthly interest would be approximately $166,667. Conversely, at a 5% annual rate, it would be about $416,667 per month. The specific interest earned will vary based on the rate and the type of account or investment.
How much simple interest is earned on a deposit of 800 at a annual rate of 5 percent after two years?
It is 80 currency units.
What is the monthly interest earned on 175000.00 at 5?
729.17
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 per month on a million rand?
The interest earned on a million rand per month depends on the interest rate. For example, with a 5% annual interest rate, the monthly interest would be approximately 4,167 rand. If the rate is higher or lower, the monthly interest will adjust accordingly. Always check the specific rate to calculate accurately.
How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
How can 56000 be invested part at 7 percent annual simple interest and the remainder at 5 percent simple annual interest do that so the interest earned by both accounts is equal?
Two equations. x+y=56000 .07x=.05y Solve both of these equations simultaneously and it will be the answer. x+(.07/.05 x)=56000
