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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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Expert Answered
Asked 6/30/2013 4:36:51 PM
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Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment.
Weegy: I am sorry but i dont know what is your previous question about. please complete your question. (More)
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Asked 7/2/2013 8:04:56 PM
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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
1 Answer/Comment
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.
Added 7/6/2013 3:07:48 PM
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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Asked 7/6/2013 2:53:43 PM
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