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The simple interest payable on an initial investment of $20 000 invested at 5.5% per annum for four years will be
$4400
If you require $20 000 in two years time, the amount that you should invest at 6.5% per annum simple interest is closest to
$17 700
The simple interest payable on an initial investment of $10 000 invested at 3.5% per annum for three years will be
$1050
Simple interest at a rate of 8% per annum is paid on an investment of $1750. The term of the investment is chosen so that the total interest earned will be at least $250. The minimum term for this investment, to the nearest month, is
22 months
The amount that should be invested at 8% per annum simple interest, if you require $30 000 in three years time, is closest to
$24 190
The simple interest paid on an investment of $1000 over five years is $150. The required interest rate is
3%
Suppose that $10 000 is invested at 4.8% per annum compounding monthly. The amount of interest the investment earns in the seventh year is closest to
$654
The compound interest, to the nearest dollar, on $2000 over a period of five years at an interest rate of 6.1% compounded annually is
$689
The amount of money that should be invested at 5.75% per annum compound interest, compounding monthly, if you require $50 000 in three years time is closest to
$42 095
The amount of money which should be invested at 6.5% per annum compound interest, compounding monthly, if you require $20 000 in four years time is closest to
$15 432
The simple interest paid on an investment of $1000 over five years is $150. The required interest rate is
3%
Suppose that $50 000 is invested at 5.5% per annum compounding monthly. The amount of interest the investment earns in the sixth year is closest to
$3710
Calculate the amount of compound interest when $2000 invested at 6% per annum for four years
$2524.95
$50 000 invested at 4% per annum for ten years
$74 012.21
Calculate the amount which should be invested (to the nearest cent) to achieve the amount of $12 000 in four years’ time if the principal is invested at 7% per annum compounded yearly
$9154.74
Calculate the amount which should be invested (to the nearest cent) to achieve the amount of $16 000 in two years’ time if the principal is invested at 4% per annum compounded yearly
$14 792.90
