An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?
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Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

Zach’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s merchandise inventory a. increased by $48,020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Description : Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment ... 020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.

Last Answer : d. increased by $48,270.

How do you determine the instantaneous rate of change of compound interest compounded annually?

Description : How do you determine the instantaneous rate of change of compound interest compounded annually?

Last Answer : The derivative is at*ln(a) wheret is the time period, ln is the natural log and a is the multiplier for the annual interest rate: eg if the interest rate is r% then a = (1 + r/100).

Nominal and effective interest rates are equal, when the interest is compounded (A) Quarterly (B) Semi-annually (C) Annually (D) In no case, they are equal

Description : Nominal and effective interest rates are equal, when the interest is compounded (A) Quarterly (B) Semi-annually (C) Annually (D) In no case, they are equal

Last Answer : (C) Annually

Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Description : Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Last Answer : (A) Annually

Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Description : Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Last Answer : Total interest = 20000 × 110/100 × 110/100 × 120/100 - 20000 = 29040 - 20000= Rs. 9040 Answer: b)

West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Description : West Company has the following account balances: Purchases $48,000 Sales Returns and Allowances 6,400 Purchase Discounts 4,000 Freight-in 3,000 Delivery Expense 4,000 The cost of goods purchased for the period is a. $52,000. b. $47,000. c. $51,000. d. $44,600.

Last Answer : . $47,000.

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Description : What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Last Answer : What is the answer ?

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Description : An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if ... years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Last Answer : (A) Rs. 31050

An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be (A) 1000 (1 + 0.1/4)20 (B) 1000 (1 + 0.1)20 (C) 1000 (1 + 0.1/4)5 (D) 1000 (1 + 0.1/2)5

Description : An investment of Rs. 1000 is carrying an interest of 10% compounded quarterly. The value of the investment at the end of five years will be (A) 1000 (1 + 0.1/4)20 (B) 1000 (1 + 0.1)20 (C) 1000 (1 + 0.1/4)5 (D) 1000 (1 + 0.1/2)5

Last Answer : (A) 1000 (1 + 0.1/4)20

As per revised Govt policy the insurant will get approximately a) Less than 40% of total premia paid by him, if surrendered before completion of 5 years b) 75% after completion of 5 years but before 10 years c) Full recovered amount after 10 year d) All the above

Description : As per revised Govt policy the insurant will get approximately a) Less than 40% of total premia paid by him, if surrendered before completion of 5 years b) 75% after completion of 5 years but before 10 years c) Full recovered amount after 10 year d) All the above

Last Answer : d) All the above

What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Description : What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Last Answer : What is the total amount of money owed if $1,250 was borrowedfor four years at 3.5% interest?

What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Description : What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?

Last Answer : What is the total amount of money owed if $1,250 was borrowedfor four years at 3.5% interest?

Find the amount John owes at the end of 6 years if $5500 is loaned to her at a rate of 4% compounded monthly. The amount owed is?

Description : Find the amount John owes at the end of 6 years if $5500 is loaned to her at a rate of 4% compounded monthly. The amount owed is?

Last Answer : 7445

If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Description : If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Last Answer : (C) > 20

The amount of compounded interest during 'n' interest periods is (A) p[(1+i)n- 1)] (B) p(1 + i)n (C) p(1 - i)n (D) p(1 + in)

Description : The amount of compounded interest during 'n' interest periods is (A) p[(1+i)n- 1)] (B) p(1 + i)n (C) p(1 - i)n (D) p(1 + in)

Last Answer : (A) p[(1+i)n- 1)]

A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the minor does not return the money on his own? A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio B. The amount of loan can be recovered from minor’s property since it is a loan for necessaries C. The creditor can recover his amount of loan from the minor on his (minor’s) attaining the age of majority D. The creditor can recover his amount from the parent or guardian of the minor

Description : A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the ... the age of majority D. The creditor can recover his amount from the parent or guardian of the minor

Last Answer : A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio

The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/-

Description : The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/- 

Last Answer : A = P + Interest = 25500 + 8440.5 = 33940.5 A = P + 1 + (R/100)^3 33940.5 = 25500 a + R/100)^3 a + R/100)^3 = 33940.5 / 25500 a + R/100)^3 = 1.331 a + R/100)^3 = ... R = 10% Simple Interest = Principle Rate Time / 100 = 25500 10 3/100 = 7650 Answer: e)

If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?

Description : If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?

Last Answer : 10001/999900

Using simple interestWhat amount produces a loan of $1,000 to 9 months, at 6% annual interest What is the interest I of the previous problem transaction (problem 1)?

Description : Using simple interestWhat amount produces a loan of $1,000 to 9 months, at 6% annual interest What is the interest I of the previous problem transaction (problem 1)?

Last Answer : Hey, if someone reads this, don't worry about it I already found the answer but thanks for worrying.

What interest rate is required for an investment with continuously compounded interest to double in 8 years?

Description : What interest rate is required for an investment with continuously compounded interest to double in 8 years?

Last Answer : It is approx 8.66%

Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ A. 2 years B. 4 years C. 8 years E. 10 years

Description : Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for _____ A. 2 years B. 4 years C. 8 years E. 10 years

Last Answer : C. 8 years Explanation: An education loan can not only fund your higher studies but also help save tax. The interest paid on the education loan can be claimed as deduction, as per Section 80E of ... and is available up to eight years, or until the payment of interest in full, whichever is earlier.

How much money must be deposited today to become 2450 in 20 years at 8.5 compounded continuously?

Description : How much money must be deposited today to become 2450 in 20 years at 8.5 compounded continuously?

Last Answer : 479.26 needs to be invested to get to 2450 after 20 years at8.5% compound interest.

If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

Description : If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

Last Answer : Let the rate of interest p.c.p.a. be x. 2496 =15000 * x /100 x = 16.64 16.64 is the rate of interest compounded for two year & for one year = 8% 8% C.I. table for two year. I year = 8% II year = 8.64 Total =16.64% Answer: a)

A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be (A) Rs. 1740 (B) Rs. 3480 (C) Rs. 5220 (D) Rs. 6960

Description : A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be (A) Rs. 1740 (B) Rs. 3480 (C) Rs. 5220 (D) Rs. 6960

Last Answer : (B) Rs. 3480

Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If Ashwin gained Rs.618/- in the whole transaction, then what sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Description : Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If ... sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Last Answer : Suppose Ashwin lend Rs. x to Ramesh then, Xx16x3/100 - (X – 6300) × 14 × 3/100 = 618......(1) From equation I , x = Rs. 6800 Answer: b)

How much would 300 invested at 4 interest compounded monthly?

Description : How much would 300 invested at 4 interest compounded monthly?

Last Answer : Need answer

Where to find Excel template to calculate interest compounded monthly?

Description : Where to find Excel template to calculate interest compounded monthly?

Last Answer : do you have a fixed monthly interst rate? . . . are there any principal additions or subtractions involve?

Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Description : Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Last Answer : You can find that type of calculator on most large banks websites such as Bank of America or Citi. They allow you to see what your money would be like after a certain time with a certain interest rates.

What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearlyd) None of these

Description : What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearly d) None of these

Last Answer : a) 8.8% per annum compounded yearly

Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : d) No limit

Interest paid by the government on the loans raised is called - (1) Debt Servicing (2) Deficit Financing (3) Discounted Budgeting (4) Bridge-loan

Description : Interest paid by the government on the loans raised is called - (1) Debt Servicing (2) Deficit Financing (3) Discounted Budgeting (4) Bridge-loan

Last Answer : (1) Debt Servicing Explanation: Debt service is the amount of money required to make payments on the principal and interest on outstanding loans, the interest on bonds. or the principal of maturing bonds. An ... or company unable to make such payments is said to be "unable to service one's debt."

Interest paid by the government on the loans raised is called (1) Debt Servicing (2) Deficit Financing (3) Discounted Budgeting (4) Bridge-loan

Description : Interest paid by the government on the loans raised is called (1) Debt Servicing (2) Deficit Financing (3) Discounted Budgeting (4) Bridge-loan 

Last Answer :  Debt Servicing

how much can you borrow, how much interest if borrowed?

Description : how much can you borrow, how much interest if borrowed?

Last Answer : how much is the grant worth, does it have to paid back,

Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the proprietor is Rs.3,600 pa. Amount of Goodwill at 3 years. purchase of super Profit is A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Description : Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the ... A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Last Answer : A

Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Description : Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

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Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges

Description : Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges

Last Answer : D) Repair and maintenance charges

The phrase equality before law used in Article 14 of Indian Constitution has been borrowed from the Constitution of - (1) Britain (2) USA (3) France (4) Canada

Description : The phrase equality before law used in Article 14 of Indian Constitution has been borrowed from the Constitution of - (1) Britain (2) USA (3) France (4) Canada

Last Answer : (1) Britain Explanation: The phrase equality before law of Indian Constitution has been borrowed from Britain. The term Republic and the idea of liberty, equality and fraternity in the preamble was borrowed from constitution of France.

The phrase "equality before law" used in Article-14 of Indian Con-stitution has been borrowed from (1) U.S.A. (2) Germany (3) Britain (4) Greece

Description : The phrase "equality before law" used in Article-14 of Indian Con-stitution has been borrowed from (1) U.S.A. (2) Germany (3) Britain (4) Greece

Last Answer : (3) Britain Explanation: The concept of "equality before the law" has been borrowed from the British Common Law upon which English Legal System was founded. However, "equal protection of laws" has its link with the American Constitution.

Correct answer: A By borrowing 5 bits from the last octet, you can. have 30 subnets. If you borrowed only 4 bits you could only have 14 subnets. The formula is (2 to the power of n)-2. By borrowing 4 bits, you have (2×2x2×2)-2=14. By borrowing 5 bits, you have (2×2x2×2x2)-2=30. To get 20 subnets, you would need to borrow 5 bits so the subnet mask would be 255.255.255.248

Description : hosts per subnet. What subnet mask will you use? * 255.255.255.248 * 255.255.255.128 * 255.255.255.192 * 255.255.255.240

Last Answer : Correct answer: A By borrowing 5 bits from the last octet, you can. have 30 subnets. If you borrowed only 4 bits you could only have 14 subnets. The formula is (2 to the power of n)-2. By borrowing ... To get 20 subnets, you would need to borrow 5 bits so the subnet mask would be 255.255.255.248.

Yield of a drainage basin is: (A) Run off of the area expressed as instantaneous rate (B) Average run off over a short period (C) Total volume of water flowing annually (D) All the above

Description : Yield of a drainage basin is: (A) Run off of the area expressed as instantaneous rate (B) Average run off over a short period (C) Total volume of water flowing annually (D) All the above

Last Answer : (C) Total volume of water flowing annually

The usual incubation period (infection to first symptom) for hepatitis B is a) 45-160 days. Hepatitis B is responsible for more than 200 deaths of healthcare workers annually.

Description : The usual incubation period (infection to first symptom) for hepatitis B is a) 45-160 days. Hepatitis B is responsible for more than 200 deaths of healthcare workers annually. b) 15-50 days. The incubation ... 6-9 months. d) unclear. The incubation periods for hepatitis D, E, and G are unclear.

Last Answer : a) 45-160 days. Hepatitis B is responsible for more than 200 deaths of healthcare workers annually.

Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Description : Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Last Answer : I buy new cars about every eight or ten years. I had my share of used vehicles when I was younger and spent a lot more than 3,000 on upkeep, repairs, replacing parts, etc. I have no idea how to work on ... tires, and brakes, then I buy a new one. I have never spent over 18,000 on a new car though.

What interest applies when interest for each year is based on the amount of the loan or investment?

Description : What interest applies when interest for each year is based on the amount of the loan or investment?

Last Answer : When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

Description : Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest ... the 10th of the month, no interest shall be payable for that month e) All the above

Last Answer : e) All the above

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html