Question
1. What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? 2. What is the
1. What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually?
2. What is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually?
3. A business just took out a loan for $100,000 at 10% interest. If the business pays the loan off in three months, how much did the business pay in interest?
4. What is the annual percentage yield (APY) for a deposit paying 5 percent interest with monthly compounding?
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Shape Up Your Finances The Personal Finances Handbook
Authors: Ian Birt
1st Edition
0734608268, 978-0734608260
