Compound Interest
If you deposit $6000 in an account paying 6.5% annual interest compounded quarterly, how long until there is $12600 in the account?
Correct answer:
Tips for related online calculators
You need to know the following knowledge to solve this word math problem:
Units of physical quantities:
Themes, topics:
Grade of the word problem:
Related math problems and questions:
- If you 4
If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account? - Semiannually compound interest
If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account? - If you 2
If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account? - Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound?
- How much 2
How much money would you need to deposit today at 5% annual interest compounded monthly to have $2000 in the account after nine years? - Interest compounded annually
If you deposit $4500 at 5% annual interest compounded annually, how much money will be in the account after ten years? - Two years
Roy deposited 50,000.00 into his account, paying 4% annual interest compounded semi-annually. How much is the interest after two years? - Wendy
Wendy deposits R6500 into an account, paying 8% annual interest compounded monthly. How much money will be in her account after 84 months of paying 8% annual interest compounded continuously? - Future value
Suppose you invested $1000 per quarter over 15 years. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned?
- Future value investment
Poseidon deposited 2,747 golden drachmas in a Mount Olympus college savings account to ensure Percy could attend college. It pays 0.04 (percent in decimal form) annual interest. After 11 years, he withdraws the money. How much more money would he have if - Joy deposited
Joy deposited the sum of 50,000 in her bank account. After 5 months, she made another deposit of 125,000 and 6 months a lap before the withdrawal of 12,000 nairas. If the interest rate is 5% per annual, calculate how much she should have in her account. - Two accounts
A banker divided $5000 between 2 accounts, one paying 10% annual interest and the second paying 8% annual interest. Express the amount invested in the 10% account in terms of the amount invested in the 8% account. - Annual interest
How many euros did Mr. Slovak deposit in the bank if, after a year, at an annual interest rate of 3.8%, he had 2,076 euros in his account? - Deposit
At the beginning of the year, Michael's father opened a bank account in which he deposited 1,800 euros. At the end of the year, he had 1,845 euros in his bank account. What was the annual interest rate in percent?
- Deposit
We deposited a total of $15,000 into simple interest accounts. The annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7%. How much should be invested in each account so that the total interest earned - Bank
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he does not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%. - Entrepreneur 22941
Entrepreneur Zahourek deposited 450,000 into the bank's account with 4.5% annual interest. Calculate what the amount will be on the deposit account after three years.