A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
The answer is 3825. Hope it helps :)
Depends on the rate. A 5% annual rate will give 50,000 for example.
1000000000
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
1000000000 pounds is equivalent to about 1 billion pounds.
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.
20 percent of billion = 20000000020% of 1000000000= 20% * 1000000000= 20%/100% * 1000000000= 200000000
The answer will depend on the interest rate. Multiply the annual interest rate (in percentage terms), by 10000/365
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
How much Indian carncy
40
3125
Annual Interest Rate divided by 12= Monthly Interest Rate
$10,000,000.00