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Using the Compound Interest Table on page 348 of your text, calculate the compound amount after 5 years for an investment of \$7,700 at 6% interest compounded quarterly. (Points : 2.5)
Weegy: Compound Interest or C.I. = \$2,670.78 Total Amount= \$10,370.78 (More)
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Now, using the new table factor from the previous question, calculate the compound amount for the \$10,000 investment.
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Find the amount of interest on a loan of \$10,500, at 9% interest, for 124 days using the exact interest method. (Points : 2) \$945.00 \$321.04 \$321.40 \$325.50
Weegy: The interest on a loan of \$10,500, at 9% interest, for 124 days using the exact interest method is \$321.04. (exact interest is based on 365 days). I=Prt = 10,500*.09*124/365=321.04. (More)
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Updated 7/6/2013 3:07:48 PM
The amount of interest on a loan of \$10,500, at 9% interest, for 124 days using the exact interest method:

I=Prt = 10,500*.09*124/365 = 321.04

The interest is \$321.04.
Using the ordinary interest method, find the amount of interest on a loan of \$5,000 at interest, for 284 days. (Points : 2) \$575.00 \$394.44 \$447.40 \$453.61
Weegy: \$447.40 is the amount of interest on a loan of \$5,000 at interest, for 284 days. (More)
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