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If the principal is 200 and the interest rate is 4 percent what is the simple interest earned in one year?
To calculate simple interest, you use the formula: Interest = Principal × Rate × Time. For a principal of $200, an interest rate of 4% (or 0.04), and a time period of 1 year, the calculation would be: $200 × 0.04 × 1 = $8. Therefore, the simple interest earned in one year is $8.
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
How much interest is earned on the new principal the following year?
To determine how much interest is earned on the new principal the following year, you need to know the interest rate and the amount of the new principal. Multiply the new principal by the interest rate (expressed as a decimal) to find the interest earned. For example, if the new principal is $1,000 and the interest rate is 5%, the interest earned would be $1,000 x 0.05 = $50.
How much interest earned on 20000 at 2.5 percent interest?
To calculate the interest earned on $20,000 at an interest rate of 2.5%, you can use the formula: Interest = Principal × Rate × Time. For one year, this would be $20,000 × 0.025 × 1 = $500. Therefore, the interest earned on $20,000 at 2.5% for one year is $500.
What percent of the principal is earned or paid per year?
The percentage of the principal that is earned or paid per year depends on the interest rate associated with the investment or loan. For example, if an investment has an interest rate of 5%, then 5% of the principal is earned annually. Similarly, if a loan has a 6% interest rate, 6% of the principal is paid as interest each year. The specific percentage can vary widely based on the financial product and market conditions.
1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year?
$74.90
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?
I
How much do pharmasitsts get paied?
The middle half of all pharmacists made between $83,180 and $108,140 a year in 2006. The lowest-paid 10 percent made less than $67,860. The highest-paid 10 percent earned more than $119,480 a year.
How much interest is earned on the new principal the following year?
To determine how much interest is earned on the new principal the following year, you need to know the interest rate and the amount of the new principal. Multiply the new principal by the interest rate (expressed as a decimal) to find the interest earned. For example, if the new principal is $1,000 and the interest rate is 5%, the interest earned would be $1,000 x 0.05 = $50.
How much interest earned on 20000 at 2.5 percent interest?
To calculate the interest earned on $20,000 at an interest rate of 2.5%, you can use the formula: Interest = Principal × Rate × Time. For one year, this would be $20,000 × 0.025 × 1 = $500. Therefore, the interest earned on $20,000 at 2.5% for one year is $500.
One thousand dollars is invested in a savings account that pays 9 interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principal?
If one thousand dollars is invested at an interest rate of 9% per year, the interest earned after the first year would be $90 (calculated as 0.09 x 1000). This interest is added to the principal, making the new principal $1,090. In the second year, the interest earned on this new principal would be $98.10 (calculated as 0.09 x 1090).
Dr Sand borrowed some money to buy new furniture for her office She paid 245.00 simple interest on a 3.5-year loan at 3.5 percent Find the principal?
2000
An initial 500 compounded for 1 year at 6 percent?
Interest earned is computed by taking the principal amount and multiplying it by the rate and time and divided by the time taken. The interest in this case is 30.
One thousand dollars in a savings account pays 7 interest per year. The interest earned after the first year is added to the account. How much interest is earned on the new principal the following yea?
After the first year, the account balance will be $1,000 + $7 = $1,007. In the second year, the interest earned will be 7% of $1,007, which equals $70.49. Therefore, the interest earned on the new principal in the following year is approximately $70.49.
