Geometric progression + interest, deposits and loan math - practice problems
Number of problems found: 21
- Deposit for house
The current price of a house is $300000 with prices increasing by 3% each year. A buyer wishes to purchase the house in 5 years time. 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 depos
- Mr. Cruz
Mr. Cruz borrowed 21,600 euros for 3 years at 16 2⁄3% compounded annually. While Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same rate of interest. Who Pays more and how much?
- Interest 71474
I will deposit CZK 1,500 into my savings account every month. After ten years, what will be in the account if the interest rate is 4%, the interest period is one month, and the interest tax is 15%?
- An account
Seth has $9,399 in an account. The interest rate is 4 17/20% compounded annually. To the nearest cent, how much will he have in 2 years?
- Principal 67954
For how long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros?
- Interest 66024
How much do I have to save per month to save CZK 100,000 in 5 years if the interest rate is 4%, the interest period is one month, and the interest tax is 15%?
If an investor invests $2000 on January 1st every year guarantees him 4% per annum. if the interest is calculated on the 31st December how much will be the account on end of the 10th year?
- Interest compounded annually
If you deposit $4500 at 5% annual interest compounded annually, how much money will be in the account after 10 years?
- Relationship) 38031
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship).
- 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.
- Future value
Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn?
1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?
- Rate or interest
At what rate percent will Rs.2000 amount to Rs.2315.25 in 3 years at compound interest?
- Compound interest
Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
- JUDr. Usury
Judge JUDr. Usury approved the agreement on guilt and punishment where confessed to pay daily interest 0.18%. How big is a yearly interest? Year has 360 days.
Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
- Compound interest
Calculate time when the deposit in the bank with interest 2.6% p.a. doubles.
Geometric progression - practice problems. Interest, deposits and loan math - practice problems.