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3 Cards in this Set
- Front
- Back
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An account with an APR of 4% and quartely compounding increases in what value every three months
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4/4 = 1%
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You invest $5,000 in an account that pays simple interest of 6.5% for 20 years. Solve for A.
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Simple interest formula.
a= $5,000 + ($5,000 x .065) x 20 a= $11,500 |
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Annual interest rate of 21% unpaid balance averages $900. Find 21% in currency.
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21/100 = .21 of $900
.21 x $900 = $189 $189 |
