Interest, deposits and loan math - practice problems - page 2 of 7
Instructions: Take your time with each problem and write out how you solved it step by step.Number of problems found: 129
- Bank deposits
At the end of each quarter, Patti deposits $1,400 into an account that pays 10% interest compounded quarterly. How much will Patti have in the account in three years? Note: Use tables, Excel, or a financial calculator round your final answer to the neares - 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? - Rent increase
Calculate how much rent should be increased each year to keep pace with annual inflation of 7%. The rent in the first year is €550. Calculate the correct rent for each of the first 5 years so that the real value of the rent remains constant. - Aukro commission
Aukro - the Slovak and also the Czech versions charge various, non-transparent fees (fee for successful sale, commission, buyer protection, service fee). We therefore did a real experiment to determine how much actually Aukro takes. We sold and bought a b - Sale of a bill of exchange
A businessman bought a bill of exchange 6 months before its maturity. After deducting interest at an annual rate of 10%, he paid €19,000 for it. How much interest was deducted from the face value of the bill? - Small interest 3
Thomas had a certain amount of money in his account, which earned him €64 in interest over a year at an annual interest rate of 2%. What would be the interest on the same amount if the annual interest rate were 3.5%? - Expanding
A problem has spread here — money printing. The ECB claims it aims to maintain a price level with 2% inflation. However, for the last three years in a row, annual inflation has been 6%, 7%, and 9%. - The Novak family 2 The Novák family had debts at two banks. They repaid Bank A a total of 26,500 CZK, with interest making up one fifth of the amount repaid. They repaid Bank B an amount 15,000 CZK less, including ten percent interest. a) What was the Novák family's origina
- Future Value with Interest The deposit is €1,000 at an annual interest rate of 7.36%. What is the total amount after 3 years and 9 months?
- Borrowed Mr. Douda borrowed 200,000 Sk from the bank at an annual interest rate of 15.4%. He will repay the loan after four years. How many korunas will he have to repay in total?
- Client A bank client had €1,320 deposited in her account throughout the year. At the end of the year, €33 in interest was credited to the account. What annual interest rate was applied?
- Savings bank interest On March 24, we deposited €5,400 into the savings bank. How much interest will we earn until the end of the year, when the savings bank provides 4.2% interest on this type of deposit?
- Student deposit years A student deposited €500 in a savings bank at 2.5% interest. In what time (in years) will he earn as much interest as he invested?
- Interest rate increase The bank increased the interest rate from the original value of 4% to 5%. What percentage of the original value of the interest rate was its increase?
- Bank inflation saving Let's assume that the interest in the bank is 10% and that we have saved €1000. 10% may seem like a good investment. However, if inflation is 6%, how much can we save in the bank in real terms? For the simplicity of the calculation, the income is not taxe
- Investment An investment advisor has at his disposal two types of investments for clients: conservative investment A, which provides an annual return of 8%, and riskier investment B with an annual return of 24%. The client can distribute his investment between the t
- Loan interest payment You borrowed €2000 for 3 months. What amount must you pay back if the lender charges a 15% interest rate per annum?
- 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?
- Interest rate months Calculate the interest rate if the principal amount of 500 is 5 euros in interest in 5 months.
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