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 simple interest payable on an initial investment of $10 000 invested at 3.5% per annum for three years will be
$1050
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
Find the rate of simple interest (correct to one decimal place) when $200 500 invested for two-and-a-half years and earning $30 075 interest
6%
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
$50 000 invested at 4% per annum for ten years
$74 012.21
How much should be invested to achieve the amount of $12 300 if the principal is invested at a simple interest rate of 5% per annum for five years
$9840
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 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 simple interest payable on an initial investment of $20 000 invested at 5.5% per annum for four years will be
$4400
How much should be invested to earn the interest of $22 500 calculated at 4% per annum simple interest over 18 months
$375 000
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
How much should be invested to earn the interest of $10 500 calculated at 3% per annum simple interest over 42 months
$100 000
Calculate the amount of compound interest when $2000 invested at 6% per annum for four years
$2524.95
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
Find the rate of simple interest (correct to one decimal place) when $150 invested for 18 months and earning $7.88 interest
3.5%
Find the rate of simple interest (correct to one decimal place) when $10 000 increases to $12 000 in two years
10%
Find the number of years taken for an investment of $10 000 at 5% per annum earns $1500
3 years
How much should be invested to earn the interest of $1000 at a simple interest rate of 5% per annum over five years
a $4000
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
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
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 simple interest paid on an investment of $1000 over five years is $150. The required interest rate is
3%
The simple interest paid on an investment of $1000 over five years is $150. The required interest rate is
3%
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