Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Math
What would be the amount of compound interest on $8,000 invested for one year at 6%, compounded quarterly?
1 answer
amount = 8000(1+ .06/4)^4 = 8490.91
You can
ask a new question
or
answer this question
.
Related Questions
Sam invested $5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next
A sum of $7260 is invested at 11 1/4 % simple interest for one year. The amount, in dollars, that must be invested at 7 1/2%
Maria has a total of $12,000 invested in two funds. The first fund pays simple interest at 6% per year and the other pays simple
Mr.X invested a total of Rs.10,000 in three different accounts, the Accounts paid simple interest at an annual rate of 8%,9% and
A woman invested some money at 8% and some at 9% annual simple interest. The interest for 1 year on the combined investment of
Last year, Susan had 30,000 to invest. She invested some of it in an account that paid 8% simple interest per year, and she
A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the
A total of $7000 is invested in three accounts. Some was invested at 6%, some at 8%, and the rest at 9%. find the amount
Compare simple interest at 3% and compound interest at 2% with interest being compounded monthly when $750 is invested for 1
You invested $14,000 in two accounts paying 5% and 9% annual interest, respectively. If the total interest earned for the year