Equation + interest, deposits and loan math - practice problems
Number of problems found: 29
- A bank
A bank reported that x/12 more first-time buyers took a mortgage out last month. If a quarter more mortgages were taken out, what number (x) is missing? - 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. - Years 3
How long will it take for a given sum of money to triple itself at 20% annual compound interest?
- Interest 81982
The bank offers interest on the deposit of 4 percent per annum. In how many years will the deposit double? - 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 - Principal 67954
How long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros? - Interest 66304
How big would the Novak family take out a housing loan if they paid an interest of 5500 euros after the first year and the interest rate of this loan was 5.5% p. and.? - 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?
- Deposited 65534
Danka and Janka deposited their money in the bank in an account with an interest rate of 2.9 percent pa. How many euros did Janka invest if she earned 4.64 euros in interest and Danka 29 cents less? - Interest 37571
We will deposit € 10,500 at the bank at 1.1% interest, and we want to withdraw € 11,000. How many years do we have to wait? Round to 2 decimal places. - Withdraw 37161
We will put € 8,500 into the bank at 1.3% interest, and we want to withdraw € 8,700. How many years do we have to wait? Round to 2 decimal places. - 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? - 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?
- Mortage hypo loan
The Jonáš family decided to buy an older apartment, which cost EUR 30,000. They found EUR 17,000 and took the loan with the bank for the remaining amount. What interest did they receive if they repaid this amount for 15 years at EUR 120 per month? - Entrepreneur 7971
Tatrabanka offers deposits with an annual interest rate of 3.6%. How much EUR must an entrepreneur deposit in Tatrabanka so that at this interest rate, after the end of the year, the bank will credit him with €1,000 interest on the deposit? - A man 2
A man divides $10,000 into two investments, one at 10% and 30%. Find how much is invested at each rate so that the two investments produce the same income annually. - Investment
1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years? - Calculate 5770
Calculate how long it will take the Šetrný family to repay the loan if, after the first year, they paid €1350 in interest and the loan's interest rate was 6% p.a. They will repay the loan to the bank for €3,000 each year, and the bank will only add intere
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