Money + exponential function - practice problems
Number of problems found: 85
- Compound interest
Joel borrowed $3208.5 on November 2, 2021, at 3.6% p.a. How many days would it take for him to repay the loan if he made a payment of $ 3,720.34? Round up to the nearest day. - The sum 41
The sum of 640.00 was deposited in the first bank for five years, and the interest given was 160.00. Find the rate. - The balance 2
If your balance at the end of 4 years is 50000, at a 5% interest rate, What was your original investment? - A company 2
A company invests 51000. After 4 years of growth at the same rate each year, the investment is worth 68920. Find the annual growth rate as a percentage. - Beginning 82198
At the end of the year, the lady had 360,009 CZK in her account with added interest. What was the amount at the beginning of the year if the interest rate was 10.5% pa? - Saving problem
We want to save €25,000. We deposit €3,000 annually, and the interest is 4.4% (interest tax is 19%). How many years do we have to save? - Principal 82010
Calculate the interest rate if the principal amount of 500 is 5 euros in interest in 5 months. - Mr. Erel
Mr. Erel earns 12% compounded quarterly. He projected to collect Ᵽ500,000 after ten years. What is the amount he needs to invest? - What amount
What amount of money will be required to repay a loan of $30000 on June 1, 2008? If the loan was made on September 1, 2001, at the interest rate of 14% compounded quarterly. - Deposit for house
The current house price is $300000, with prices increasing by 3% yearly. A buyer wishes to purchase the house in 5 years. The bank requires a 10%deposit on the price of the house in order to grant a loan. How much would the buyer need to deposit each quar - Compounded monthly
Find the compound amount if Php 150,000.00 is deposited in a bank paying 9% p.a. compounded monthly for three years. - MP3 player
Mary plans to buy a new MP3 player for 90 USD. And every month, the amount he saved in the previous month doubles. If she saves 3 USD in the first month, how many months will Mary save enough to buy an MP3 player? - Interest 66484
The bank provides loans with an interest rate of 5% pa. How much interest will you pay if you borrow 5,000 euros for: A) 1 year B) 1/2 year C) 1/4 year D) 5 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? - Installment 62884
It is to be paid annually 12x 1935 CZK. The third installment is not paid - it is 2.5 permille per day. What debt will be incurred at the end of the year? - Dream home
You finally found your dream home. It sells for $120,000 and can be purchased by paying 10% down and financing the balance at an annual rate of 9.6% compounded monthly. a) How much are your payments if you pay monthly for 30 years? b) Determine how much w - Retirement saving
Deryl wishes to save money to provide for his retirement. Beginning one year from now, he will begin depositing the same fixed amount each year for the next 30 years into a retirement savings account. Starting one year after making his last deposit, he wi - Withdrawals 62324
A person deposits 5,000 euros into a bank account at the beginning of each year for 10 years. He does not make any other deposits or withdrawals from the account. Determine the total amount saved at 8% compounded annually when interest is compounded annua - Double of principal
How long will it take for the principal to double at 12.25% annual interest? - Edmond
Edmond Santos borrowed USD 20,000 for 18 months at 6 1/2 % per year. Find the APR (Annual Percentage Rate) if he repaid the loan monthly. The answer is: Note: APR is expressed as a percentage representing the actual yearly cost of funds over a loan term.
Do you have homework that you need help solving? Ask a question, and we will try to solve it.