Interest, deposits and loan math + percentages - practice problems
Number of problems found: 79
- Value of the note
A 10-month promissory note issued on March 21, 2021, bearing interest of 7.2% p.a., has a maturity value of $4128.02. Find the face value of the note. - 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? - Joy deposited
Joy deposited the sum of 50,000 in her bank account. After 5 months, she made another deposit of 125,000 and 6 months a lap before the withdrawal of 12,000 nairas. If the interest rate is 5% per annual, calculate how much she should have in her account. - 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? - Deposited 83236
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? - Deposited 83235
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? - Percentage 83077
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? - Calculation 82612
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 - Borrowed 82069
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? - Principal 82010
Calculate the interest rate if the principal amount of 500 is 5 euros in interest in 5 months. - Interest 81982
The bank offers interest on the deposit of 4 percent per annum. In how many years will the deposit double? - Borrower 81777
You lent €400. The borrower paid you €440 back in 5 months. What was the yield on this loan? - Interest 81773
How much will the deposit grow at an interest rate of 10% p.d. a. for 72 days by €6? - Interest 80867
How much is the deposit? Which at an interest rate of 3.75%p. a., will it increase by 25 euros in one year? - 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
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