Time + interest, deposits and loan math - practice problems - page 2 of 4
Number of problems found: 65
- 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
How long in months will the principal raise 5,000 euros at 5% p.. a. interest 350 euros? - Interest 66484
The bank provides loans with an interest rate of 5% pa. How much interest will you pay if you borrow 5,000 euros for: A) 1 year B) 1/2 year C) 1/4 year D) 5 years? - 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 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%? - Investment
If an investor invests $2000 on January 1st, every year guarantees him 4% per annum. If the interest is calculated on December 31st, how much will the account be at the end of the 10th year? - Possibility 65535
The bank offers a term account with the possibility of early withdrawal with an interest rate of 1.85 percent pa. Milan put 2,500 euros on it on January 2. How many euros will he get if he withdraws the money after eight months? - Interest 65494
Martina invested 1,300 euros in the bank, and after a year, the bank credited her with an interest of 26.65 euros. What was the annual interest rate of this bank? - Interest 65474
Uncle Vendelín paid 350 euros for a new washing machine, which he had to borrow 40 percent. He paid off the loan for one year - 15 euros per month. How much did he pay in interest? What was the interest rate on loan?
- 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 - Mr. Brown
Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit? - Interest rate
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. - Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound? - 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? - Future value
Suppose you invested $1000 per quarter over 15 years. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned? - Calculate 30461
Mrs. Zdena took over the ordered goods worth 5000 €. She did not pay the invoice by the required date of 31.5.2019. Interest on arrears is 5.5% per annum. Calculate the payment as of 31.8.2019.
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