How much interest will earn on investment, Finance Basics

+44 141 628 6080
[email protected]

How much interest will earn on investment

Problem: Kelly borrowed $2000 from his brother with a simple interest rate of 15%p.a. How much interest will he have to pay if the loan is for 3 years?

Stella invests $7000 in a business that offers 4.5% p.a. interest, compounding monthly. How much interest will Stella earn on her investment after 5 years?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: How much interest will earn on investment

Reference No:- TGS03211301

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What is the total number of even integers

What is the total number of even integers from 94 to 164 inclusive? How many even integers can be found from 32 to 228 inclusive?

Q : Determine the wage rate and the quantity of labor

Discuss the relationship between how these markets determine the wage rate and the quantity of labor that should be employed.

Q : Which reflect how the group did overall

Four students achieve the following grades on their midterm which was out of 20 marks: Which of following would most accurately reflect how group did overall?

Q : What would company incs anticipation on interest rates be

What would COMPANY INC.'s anticipation on interest rates be? Justify. What is Meridian? How will this company facilitate Company Inc.'s expansion?

Q : How much interest will earn on investment

Stella invests $7000 in a business that offers 4.5% p.a. interest, compounding monthly. How much interest will Stella earn on her investment after 5 years?

Q : Determine the magnitude of the coulomb force

Determine the magnitude of the Coulomb force (in N) on one of the spheres, treating the Spheres as point charges.

Q : Explain the basis for your estimate and show your work

What is your best estimate of the overall misstatement in EyeMax's accounts? Explain the basis for your estimate and show your work.

Q : Write a matlab function called rocket_euler

Write a MATLAB function called rocket_euler to solve this o.d.e. from t = 0 seconds to t = 90 seconds using Euler's method.

Q : Construct interpolation polynomials of degree one and two

Let f(x) = In(x + 3), construct interpolation polynomials of degree one and two to approximate f(6.67) from the given nodes.

1953716

Questions
Asked

3,689

Active Tutors

1453193

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported