Interest, deposits and loan math + exponential function - practice problems
Number of problems found: 37
- Compound continuously
Find the balance in the account after 10 years. P= $1900; r= 6% Compound continuously. - The value
The value of the property decreases every year at the rate of 5%. If its present value is 411540 USD, what was its value three years ago? - Person A,B
Person A takes 3000 USD from person B for 2 yrs at the rate of 10% half yearly interest. What amount will be paid by person A to B after the end 2 yr? - 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.
- 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. - Interest 83990 The deposit is €1000. The interest is 7.36% per year. What is the amount after 3 years and 9 months?
- 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.
- 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 - 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? - 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 - 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).
- Deposit account
How much money will be in the account after ten years if you deposit $4500 at a quarterly 5% annual interest compound? - Semiannually compound interest If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 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 goods that were ordered, which were 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. - Slow saving in banks
How long will it take to save € 9,000 by depositing € 200 at the beginning of each year at 2% interest?
Peter placed 3600 dollars in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent?Do you have homework that you need help solving? Ask a question, and we will try to solve it. Solving math problems.
