In: Finance

If money is invested for 4 years, the per annum simple interest rate equivalent to a nominal rate of 4.9%p.a compounding monthly is (as a percentage rounded to three decimal places; don’t use % sign): Answer:

If money is invested for 10 years, the per annum
simple interest rate equivalent to a nominal rate of 6.5%p.a
compounding quarterly is

If money is invested for 8 years at a simple interest rate of
8.6% per annum, the nominal interest rate per annum, compounding
monthly, is (as a percentage rounded to three decimal places; no %
sign):

An interest rate is 6.75% per annum with continuous compounding.
What is the equivalent rate with semiannual compounding?

An interest rate is 7.50% per annum with annual compounding.
What is the equivalent rate with continuous compounding? (Answer is
in percentage with two decimal place - example 5.35)

An interest rate is 9.50% per annum with continuous compounding.
What is the equivalent rate with semiannual compounding? (Answer in
percent with two decimals. Example 5.25)

You are investing a sum of money for 4 years. You earn a simple
interest rate of r = 10% for the first 2 years and
j12 = 6% for the last 2 years. What is the
equivalent effective annual rate of return, j, you earn
over each of the 4 years?
A.
7.98%
B.
8.81%
C.
8.07%
D.
7.84%

Calculate the simple interest.
Principal
Rate per Annum
Time
Simple Interest
$1356.78
8%
6 years
$685.43
9.25%
7 months
$1595.85
7.75%
185 days
Calculate the principal.
Simple Interest
Rate per Annum
Time
Principal
$1275.00
8.5%
3 years
$585.90
9.25%
5 months
$210.75
8.75%
63 days
Calculate the interest rate per annum correct to 1 decimal
place.
Principal
Simple Interest
Time
Rate per Annum
$10,563.77
$7394.64
7 years
$6854.25
$433.53
11 months
$450.00
$7.22
66 days
Calculate the simple interest, then...

Phyllis invested $8,500, a portion earning a simple interest
rate of 3 1/4% per year and the rest earning a rate of 3% per year.
After one year the total interest earned on these investments was
$271.25. How much money did she invest at each rate?
at 3 1/4% per year $_______
at 3% per year $________

A
loan of RM5,000 for 20 months at 10% per annum simple interest rate
was settled by making 20 monthly payments. Find the outstanding
principal just after the eighth payment by using the Rule of
78.

$14,000 is invested for 7 years at an annual simple interest
rate of 11%.
(a) How much interest will be earned?
$
(b) What is the future value of the investment at the end of the 7
years?
$
2.–/1 points
My NotesAsk Your Teacher
$10,000 is invested for 6 months at an annual simple interest
rate of 3%.
(a) How much interest will be earned?
$
(b) What is the future value of the investment after 6
months?
$...

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