Simple Interest Calculator

This calculator computes the simple interest and end balance of a savings or investment account. It also calculates the other parameters of the simple interest formula.… See more

CouponFollow Extension

5%
OFF

4,700 Is Deposited Into A Bank Account That Pays 3.5% Simple …

2 weeks from now

4,700 is deposited into a bank account that pays 3.5% simple interest. How much money is in this account after 4 years? No other deposits or withdrawals are made to this account. square

questionai.com

7%
OFF

Simple Interest Calculator - Math Portal

2 weeks from now

You put $1,000 into a bank account that pays 7% simple interest each year. ... You deposit $350 into a bank account with a monthly interest rate of 1.2%. Determine the length of time the …

mathportal.org

6%
OFF

SIMPLE INTEREST PROBLEMS WITH SOLUTIONS - Onlinemath4all

2 weeks from now

A person deposits $5,000 in a bank account which pays 6% simple interest per year. Find the value of his deposit after 4 years. Solution : Formula for simple interest is. I = Prt. Substitute P …

onlinemath4all.com

$2500
OFF

CH 4 QUIZ Flashcards | Quizlet

2 weeks from now

Today, you deposit $2,500 in a bank account that pays 3.6 percent simple interest. How much interest will you earn over the next 5 years? ... $25,377.35 b. $27,197.94 c. $29,139.86 d. …

quizlet.com

$4700
OFF

Megan Hughes Deposits 4700 In An Account That Pays Simple

2 weeks from now

Megan Hughes deposits. $4,700. in an account that pays simple interest. When she withdraws her money ... Solution To find the rate of interest, we can use the formula for simple interest: I …

studocu.com

$4700
OFF

Enrique Deposited $4,700 Into An Account. He Made No Additional ...

2 weeks from now

Mar 10, 2021 · The balance in his account at the end of 4.5 years is $5048.975.. What is simple interest? Simple interest is a method of calculating the interest charge. Simple interest can be …

brainly.com

7%
OFF

Suppose You Currently Have $4,700 In Your Savings Account, And …

2 weeks from now

Adriana wishes to accumulate $2,020,000 in 35 years. If 35 end-of-year deposits are made into an account that pays interest at a rate of 7% compounded annually, what size deposit is required …

study.com

5%
OFF

Simple Interest Calculator - Math Portal

2 weeks from now

You deposit $12000 into a bank account, that pays 1.5% simple interest per month.You left the money in there for 210 days.Determine the interest earned and the total amount at the end of …

mathportal.org

FAQs about Simple Interest Calculator Coupon?

How much interest did you receive if you deposited $1000?

You deposited $1000 into a bank account and received $50 in simple interest after three months. What was the interest rate? You deposit $350 into a bank account with a monthly interest rate of 1.2%. Determine the length of time the money was in the bank if you received $9 in interest. ...

How much interest did you get from a deposit?

Determine the amount of interest earned. You put money into a bank account that pays 4% simple interest each year. After three years, you collected $72 in interest. How much was the deposit (principal)? You put money into a bank account that pays 2% simple interest every six months. After 9 months, you received $15 in interest. ...

How do you calculate interest on a $12000 deposit?

You deposit $12000 into a bank account, that pays 1.5% simple interest per month. You left the money in there for 210 days. Determine the interest earned and the total amount at the end of those 210 days. The interest is $1242.734 and the amount is $13242.734. STEP 1: Convert the interest rate of 1.5% per month into a rate per year. ...

How much interest do you get if you Deposit $350?

You deposit $350 into a bank account with a monthly interest rate of 1.2%. Determine the length of time the money was in the bank if you received $9 in interest. Find more worked-out examples in our database of solved problems. ...

Can accumulated interest be added back into the balance?

Accumulated interest is not added back into the balance for subsequent interest calculations. Loans like car loans and mortgages use the simple interest calculation to find interest owed. Student loans also typically charge simple interest and not compound interest. ...

How do you find the value of a deposit after 4 years?

Problem 1 : A person deposits $5,000 in a bank account which pays 6% simple interest per year. Find the value of his deposit after 4 years. Solution : Formula for simple interest is I = Prt Substitute P = 5000, t = 4, r = 6%. I = 5000 ⋅ 6/100 ⋅ 4 I = 1200 Accumulated value = Principal + Interest = 5000 + 1200 = $6200 Problem 2 : ...