Problem: Compound Interest
Terms in this set (9)
The amount of P20,000 was deposited in a bank earning an interest of 6.5% per annum. Determine the total amount at the end of 7 years if the principal and interest were not withdrawn during this period.
The effective rate is 9.14%
A loan of 50,000 is to be paid in 3 years at the amount of 65,000. What is the effective rate of money?
The present worth is 40,530.49
Find the present worth of a future payment of 80,000 to be made in 6 years with an interest of 12% compounded annually.
The effective rate corresponding to 18% compounded daily is 19.72%.
What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days.
The nominal rate is 16.32%
What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?
In how many years is required for 2,000 to increase by 3,000 if interest at 12% compounded semi-annually?
The money if invested at 5% compounded annually will double in 14.2 years.
How long will it take money to double itself if invested at 5% compounded annually?
The money will double in 4.56 years or about 5 years.
About how many years will 100,000 earn a compound interest of 50,000 if the interest rate is 9% compounded quarterly?
The amount will triple in 10 years.
When will an amount be tripled with an interest of 11.56%?