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Question | Answer |
If you put $5000 in a savings account that pays 2% annual interest, the amount of money you will have at the end of the year is | $100 |
The amount charged for the use of borrowed money is called | Interest |
In how many years will $400 yield an interest of $112 at 14% simple interest? | 2 years |
Principal = $39,300, Rate = 4.5%, Time = 6 months. What will that total principal + interest payment be rounded to the nearest dollar. | $40,184 |
Find the total amount on $5100 after being invested for 18 years at 5% per annum simple interest. | $9,690 |
Find the total value of an investment of $1,030 at 4% compounded semi-annually for 2 years to the nearest dollar. | $1,115 |
The amount of an original investment is called the | Principle |