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
How much Indian carncy
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.
40
3125
$10,000,000.00
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