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Joe borrowed 900 from Sam for six months. How much will Sam earn if he charges Joe a simple interest rate of 4 percent?
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A student in college borrowed 12000 in student loans at an interest rate 9 compounded annually If you repay 1500 per year how long to the nearest year will it take you to repay the?
A very rough estimate is 15 years, or 14 years and 9 months. That's assuming your total amount owed is $12,000, and you started making these payments right away. Of course, if you chose to defer payments until graduation, the loan would accrue interest until then, and the amount you owe would be more than 12,000, and therefore take longer to repay. And don't forget to include any origination fees, which would also increase the total amount you have to pay back.
Why should a consumer know and understand the rule of 72?
Rule of seventy two is used to ascertain the period by which an investment would grow by 100%. 72 divided by rate of interest would provide the approximate period by which the investment would become double. As an example, if the rate of interest is 6% per month, the investment would be doubled in ( 72/6) 12 months. Rule of 72 thus is an important tool to know the investment horizon.
What months are quarterly?
Quarterly months are months that fall on 1/4th of every year. The quarterly months are January-March, April-June, July-September, and October-December.
What is the average cost of a ups store mailbox?
It may vary by store, and you have an option of getting a small, medium, or large mailbox, and you can keep it for 3, 6, or 12 months. Sometimes there are specials on it. Keep in mind, whatever doesn't fit in your mailbox will be held behind the counter for you. This will give you a rough estimate of mailbox prices: Prices at our store as follows: Small Mailbox: 3 months- $42 6 months- $78 12 months- $144 Medium Mailbox: 3 months- $60 6 months- $114 12 months- $216 Large mailbox: 3 months- $90.00 6 months- $168 12 months- $288 You can always renew your box at the end of the rental as well.
Is quarterly every three months?
yes 12 months = 1 year = 4 x 3
Eight hundred dollars is borrowed at an interest rate of 1.5 percent per month Find the interest paid over a period of 5 months?
$60.00
Rolex borrowed 3600 from a credit union for 6 months at and interest rate of 10 percent per year how much did he owe the credit union at the end of the 6 months?
3600x10%=360 360x.5=180 3600+180=3780
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
How many months will Rita pay in simple annual interest on a credit card that charges on her balance?
14 months
What is the finance charge that you would pay if you borrowed 100 for 18 months at an APR of 9 percent?
13.5
What is the interest on 4000 at 3.5 percent annual interest for 1 year 6 months?
200
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Interest on five thousand at 6 percent for eleven how much is there?
Eleven..? months? years?. Simple or compound interest?
What is the interest rate of 7 percent within a 6 months time?
42
870 deposited at an interest rate of 6 percent for 9 months is?
1168.21
What is the interest rate on the discover card for students?
The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.
What is the percentage of interest when the principal is 3500.00 the term is 3 months and the interest paid is 525.00?
.05% or 1/20th of a percent
