Mathematics

Mathematics, 12.07.2019 10:30, SkyThefly

How much interest is earned on $470 at 4% for seven years?

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Mathematics, 21.08.2019 04:50, deidaralove90

The formula l = prt gives the simple interest l earned on an account where an amount p is deposited at an interest rate r for a certain number of years t. use the table to order the accounts from least to greatest interest earned after 5 years

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Mathematics, 27.08.2019 01:50, claudiam1106

Need ? ? 1.use the simple interest formula to find the ending balance. $1500 at 7% for 1.5 years.2.tammi deposited $520 into a bank account that earned simple interest each year. after 5 years, she had earned $156 in interest.if no money was deposited into or withdrawn from the account, what was the annual interest rate? 3.bonita deposited $1300 into a bank account that earned 5.75% simple interest each year. she earned $299 in interest before closing the account.if no money was deposited into or withdrawn from the account, for how many years was the money in the account? round your answer to the nearest whole year.4.jackie deposited $315 into a bank account that earned 1.5% simple interest each year.if no money was deposited into or withdrawn from the account, how much money was in the account after 3 years? 5.safari deposited money into a bank account that earned 6.5% simple interest each year. after 312312 years, she had earned $36.40 in interest on the account. if no other money was deposited into or withdrawn from the account, how much was her initial deposit?

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Business, 30.09.2019 19:10, diazsindy

Calculate the future value of $ 7 comma 000 in a. four years at an interest rate of 9 % per year. b. eight years at an interest rate of 9 % per year. c. four years at an interest rate of 18 % per year. d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. four years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) b. eight years at an interest rate of 9 % per year. the future value of $ 7 comma 000 in 8 years at an interest rate of 9 % per year is $ nothing. (round to the nearest dollar.) c. four years at an interest rate of 18 % per year. the future value of $ 7 comma 000 in 4 years at an interest rate of 18 % per year is $ nothing. (round to the nearest dollar.) d. why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? (select the best choice below.) a. the amount of interest earned in part (a) is really half of the amount of interest earned in part (b) since in part (b) the money grows for twice as many years as in part (a). b. this results because you earn interest on past interest. since more interest has been paid at the end of the time period than at the beginning, the money grows faster. c. the annual interest rate in part (b) is slightly higher than the rate assumed in part (a). this is because of compounding

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Mathematics, 26.10.2019 16:43, fluffyanimal456

For a given interest rate, simple interest varies jointly as the principal and time. if $3000 left in an account for 3 years earned interest of $540, then how much interest woukd be earned in 4 years?

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