Question
How much simple interest will you earn if you invest $863 for 9 months in a GIC paying 2.20% p.a. simple interest? Your grandmother gave
How much simple interest will you earn if you invest $863 for 9 months in a GIC paying 2.20% p.a. simple interest?
Your grandmother gave you a short term loan of $5079 on September 9, 2021. You repaid her on September 29, 2021 with a cheque for $5101.51. What was the rate of simple interest charged? Write answer as a percent to 1 decimal place. Find the future value of $988 borrowed at 3.9% for 6
A sum of money was invested on December 12, 2021 at 4.1% simple interest p.a. When the money was withdrawn on July 8, 2022, it had matured to $7948.49. How much money was originally
What principal would earn $69.07 of interest in 340 days at 2.78% p.a.?
How long, in years, would it take $504 to become $746 at 4.2% interest p.a.? Round final answer to 2 decimal places.
How long, in days, would it take $2532 to become $2615 at a rate of 5.8% interest p.a.? Round your final answer UP to the next complete day. (For example, if you get 423.21 days, you would round UP to 424 days.)
You took out a loan of $865 and you were supposed to pay it back in 3 months from today. However, you end up paying it late 9 months from today. If the rate of interest is 6.79% p.a., how much will you have to pay?
A debt of $407 due in 6 months and another debt of $645 due in 9 months are both to be paid with a single payment in 8 months. What single payment will pay off the two debts if the interest rate is 7% p.a.?
If you want to have $18,950 in 7 years and 6 months, how much should you deposit today in an investment fund that is earning interest at a rate of 2.6% compounded monthly? Show all calculator entries in the spaces provided and then write your final answer at the bottom.
Lia was supposed to make payments of $1443 6 years ago and $1000 5 years ago to settle a loan. If Lia would like to settle both of the payments today, what total amount would she have to pay if interest of 4.70% compounded semi-annually is
What is the maturity value of a $86663 investment in 31 months if interest is 5.8% p.a. compounded quarterly?
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