List of Q&A

Finding the Exact Simple Interest  
Question Find the interest amount and maturity value for the following loan: Principal: $585 Interest rate: 9% Date borrowed: June 5 Date …

Calculate Maturity Value for a Simple Interest Account 
Question Razifah deposited $2000 in an account at rate of 3.75% simple interest. 8 months later, she deposited another $3000 into account. Find …

Calculate the daily compounding interest of a $1575 loan 
Question How would you calculate this question to get the total interest earned? Principal: $1575 Interest rate: 0.75% Time invested: 85 days …

Compound Interest Calculated Monthly 
Question I made a loan of $500.00 with an annual 6% interest rate, which will be compounded monthly. How do I calculate this type of loan? Answer …

Finding the Time Period for Compound Interest 
Question in what time the compound interest on Rs800 at 20% per annum will amount to Rs1152 if compounded annually? Answer STEP 1 The compound …

Amount of interest paid in 30 days on one year term Not rated yet
Question Calculate the amount of interest paid on $1000 at 10% for one year with first payment in 30 days. Answer STEP 1: Our aim …