# 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:

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

Tips to related online calculators
Do you want to convert time units like minutes to seconds?

## Next similar math problems:

• In the
In the workshop, it was necessary to quickly complete the production of veils for the hospital. The workshop staff promised to work an additional 240 hours to produce this order in March. The workshop has 8 employees who work 160 hours a month. What perce
How large must the group of people be so that the probability that two people have a birthday on the same day of the year is greater than 90%?
• Slow saving in banks
How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest?
• What is
What is the annual percentage increase in the city when the population has tripled in 20 years?
• Ditch
The excavator dug 40% of the excavation in 2 hours 20 minutes. How long does it take him to dig the whole ditch?
• Savings
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
• Christmas holidays
How many percent take Christmas holidays lasting 18 days from a school year that lasts 303 days? Round the result to two decimal places
• Corona virus
Calculate an estimate of the percentage of GDP (Gross Domestic Product) declined due to the quarantine related to the corona COVID-19 virus that lasts for 2 months, during which time the economic activity is down by 80%.
• Volume of wood
Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p?
• Growth of wood
The annual growth of wood in the forest is estimated at 2%. In how many years will make the forest volume double?
• Mary
Mary is 12 years old, which is 40% of the age of her mother. How many percent of her mother's age will Mary have after the next 12 years?
• Two companies
The family ordered two companies to modify the garden. The first would be done in 20 days, the second would take 40% less time. How long will they work together if the second company started working when the first worked for 4 days?
• Harvest time
Grandma and granddaughter Julka reap currants in 15 hours of working together. Julka herself would have currants 10 days after 6 hours of work a day. Find by what percentage the grandma's harvest time was shortened when the granddaughter was involved in c
• Break time
Calculate how many percent of school time is spent on breaks. Calculate data for the whole week.
• Car down
Sarah buys a car costing \$12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year.
• An investment
How long will it take for an investment to double at a simple interest rate of 5.10% p. A. ? Express the answer in years and months, rounded up to the next month.
• Curiosity factor
A blogger starts a new website, initially the number of the traffic is 293 due to their curiosity factor. The business owner estimated that the traffic will increase by 2,6% per week. What will be the number of it in week 5?.