Simple interest

Peter put into bank 853 euros deposit. After 7 years on account overall was 984 euro.

What was the interest rate if bank add simple interest?

Correct result:

p =  2.2 %

Solution:

u=984853=131 Eur u1=u/7=131/7=131718.7143 Eur  p=100 u1853=100 18.7143853=2.2%



We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you!






Showing 0 comments:
avatar




Tips to related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Next similar math problems:

  • Deposit 3
    interest_money After a year had Martin on bank account € 2028. What was the interest rate when the initial deposit was € 1879?
  • Combined interest
    bank2 Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
  • Principal and interest
    bank_pig Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?
  • Repay, interest, loan
    repay Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
  • Bank deposit
    bank_1 Ms Jana after the withdraw amount of 2,500 euros after year saving in bank. What was her deposit if the interest rate was 2.5% p.a..
  • Compound interest
    bank_3 Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
  • Savings
    bankovka The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua
  • The deposit
    money_13 Deposit has been placed for one year at an annual rate of 4.5%. After the added interst amount rose to € 2,612.5. Determine initial deposit.
  • Deposit
    ping_bank If you deposit 719 euros the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
  • 3 years savings
    penize_35 Simple interest - Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK crowns will has total after 3 years?
  • A loan
    exp_growth A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made?
  • Shuyen
    penize_49 Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
  • Account operations
    penize_49 My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
  • Deposit is pesos
    penize_49 Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?
  • Annual pension
    penize_49 Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
  • Exponential decay
    exponentialFexsDecay A tank contains 55 liters of water. Water is flowing out at the rate of 7% per minute. How long does it take to drain the tank?
  • Interest
    MoneyHouse What is the annual interest rate on your account if we put 32790 and after 176 days received 33939.2?