Exponentiation + interest, deposits and loan math - practice problems
Number of problems found: 20
- 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? - 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.
- Simple interest 5
At what simple interest rate should Renel invest his P45,000 so that it earns P5,500 in 1 year and 5 months? - 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 - Mr. Cruz
Mr. Cruz borrowed 21,600 euros for three years at 16 2⁄3% compounded annually. At the same time, Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same interest rate. Who Pays more and how much? - 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? - Interest compounded annually
If you deposit $4500 at 5% annual interest compounded annually, how much money will be in the account after ten years?
- 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 - Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound? - 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? - Compound interest 3
After eight years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now a dream - in the year 2019) - Investment
1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?
- Deposited 6059
On January 2nd, 2009, Janko's father deposited €3,000 in the bank's passbook. The bank provides an annual interest of 0.30% for deposits up to €5,000. However, Janko's father collected the money after eight months. What is interest in euros added to it? - Investment of the year
At the beginning of the year, my father invested EUR 1,000 in the bank at an annual interest rate of 3%. How many euros will the bank credit him with the deposit after eight months? (compound interest - from financial mathematics) - Deposit
If you deposit 719 euros at the beginning of each year, how much money do we have at 1.3% (compound) interest after 9 years? - JUDr. Usury
Judge JUDr. Usury approved the agreement on guilt and punishment were confessed to paying daily interest 0.18%. How big is a yearly interest? The year has 360 days. - Interest
Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
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