1. Using simple interest find the unknown values a) 1=? P = 2700 rate = 8%...
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1. Using simple interest find the unknown values a) 1=? P = 2700 rate = 8% for 3 years b) Total Amount (A) = ? 1 = 750 P= 2000 c) P =? 1 = 225 rate = 6.25% for 4 years d) 1 =? P = 525 rate = 4% for 30 monthss %3D 2. Calculate the rate per compounding period, i. a) 12% per annum, compounded monthly b) 8% per annum, compounded quarterly c) 10.4% per annum, compounded weekly 3. Determine the Total Amount if a principal of $750 is invested at an interest rate of 5% per annum, compounded annually for 9 years. 4. Determine the interest earned if a principal of $1200 is invested at an interest rate of 8.4% per annum, compounded semi-annually. 5. Determine the principal that must be inveşted if you want a total amount of $3500 in 4 years at an interest rate of 8% per annum, compounded quarterly. 6. [Use Technology) Determine the years it would take for an investment of $400 to total $650 at an interest rate of 4.8% per annum, compounded annually. 1. Using simple interest find the unknown values a) 1=? P = 2700 rate = 8% for 3 years b) Total Amount (A) = ? 1 = 750 P= 2000 c) P =? 1 = 225 rate = 6.25% for 4 years d) 1 =? P = 525 rate = 4% for 30 monthss %3D 2. Calculate the rate per compounding period, i. a) 12% per annum, compounded monthly b) 8% per annum, compounded quarterly c) 10.4% per annum, compounded weekly 3. Determine the Total Amount if a principal of $750 is invested at an interest rate of 5% per annum, compounded annually for 9 years. 4. Determine the interest earned if a principal of $1200 is invested at an interest rate of 8.4% per annum, compounded semi-annually. 5. Determine the principal that must be inveşted if you want a total amount of $3500 in 4 years at an interest rate of 8% per annum, compounded quarterly. 6. [Use Technology) Determine the years it would take for an investment of $400 to total $650 at an interest rate of 4.8% per annum, compounded annually.
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Related Book For
Thermodynamics for Engineers
ISBN: ?978-1133112860
1st edition
Authors: Kenneth A. Kroos, Merle C. Potter
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