CD in EC$ by Caribbean Union Bank in Antigua W.I.
90,000
the best rate is 5 percent
5 million
The following represent the two (2) types of loans having the "guaranteed rate for some period" characteristics: * Fixed Loan (the interest rate is guaranteed to be the same for the entire period of the loan) * Adjustable Rate Loan (with a defined fixed rate period is typical for mortgages and guarantees a fixed rate for 1, 3, 5, 7 or 10 years before adjusting to a new rate, typically relative to a publicly known index)
2,500.58 (A+)
The 5% interest rate of 1194 is 59.7
90,000
the best rate is 5 percent
At an interest rate of 5 percent, $200 would earn $10 in one year.
5
4%increase
3 percent
3000
Rs 500
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
5 million
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.