Total = 10000(1+i)n
Total = 10000(1.2321)2
Total = 12321
Change = interest gained = 12321 - 10000 = 2321
It is 300.
600.00$
4000
With only one year the value is 11600
2.98 % = 0.0298; 0.0298 X 10000 = 298.
It is 300.
600.00$
4000
simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26
4000
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change
Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change
With only one year the value is 11600
I am not sure what the highest interest rate offered would be. I am assuming it would not be more than fifteen percent because if it was, then it would be taking advantage.
2.98 % = 0.0298; 0.0298 X 10000 = 298.
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.