Calculate the amount of simple interest earned. $1,000 at 8% for 3 years A $2,400 B...
$3,000 at 8% for 30 years(a) Calculate the future amount if the money were invested at simple interest
Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put in 2400*9*.10 and it equals 2160 so i don't get what i'm doing wrong for the problem
calculate the simple interest earned.1.deposit $5254% interest 1yr2.deposit $2506.5% interest0.5 yr.3.deposite $28006 1/4% interest1.5 yr.
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
Problém 3-2 (algorithmic) E Question Help Compare the interest earned by $15,000 for five years at 12% simple interest with that earned by the same amount for five years at 12% compounded annually The interest earned by $15,000 for five years at 12% simple interest is S (Round to the nearest dollar )
PLEASE SOLVE ITT Compare the interest earned by $10,000 for four years at 9% simple interest with interest earned by the same amount for four years at 9% compounded annually Why does a difference occur Click the icon to view the interest and annuity table for discrete compounding when 9% per year. The simple interest earned is $ (Round to the nearest dollar.) The compound interest earned is $ (Round to the nearest dollar) There is a difference in the...
Find the interest if $ 9,000 is invested at an annual simple interest rate of 8 % for 3 years. Use the formula I = P × R × T , where I is the interest earnings, P is the principal, R is the annual rate and T is the time, expressed in years. (a) $ 216,000 (b) $ 4,216.00 (c) $ 2,160 (d) $ 21.60 (e) $ 196.00
Compare the interest earned by $14,000 for three years at 6% simple interest with interest earned by the same amount for three years at 6% compounded annually Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when = 6% per year The simple interest eamed is _ (Round to the nearest dollar.) The compound interest sarned is S . (Round to the nearest dollar.) There is a difference in the amount...
3. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b, 10 years at an interest rate of 5% per year c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
Find the compound amount for the deposit and the amount of interest earned. $240 at 5.8% compounded semiannually for 11 years The compound amount after 11 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)