Can you solve this, suppose you borrow money for a year at a simple interest rate of 7.2%, you pay $86.40 in interest how much have you borrowed?
If you borrow $1,200 at a simple interest rate of 7.2%, you pay $86.40 in interest a year. The formula for finding simple interest is: Interest = Principal * Rate * Time.
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When are interest rates going to lower?
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What is the economic deffinition of fixed interest rate?
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Which has the lowest interest rate Payday loan, Perkins loan, or private loan?
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Demand for money is dependent on price of money- the interest...
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What's the difference between APY and an interest rate?
(APY) annual percentage yield is the amount you earn on an in...
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Can you calculate the monthly interest rate on a credit card that charges 18% annual interest?
Look at your credit card statement and look at the APR. Take ...
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If the market rate is higher than the contract rate, the bond...
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Which has the lowest interest rate Payday loan, Perkins loan, or private loan?
A private loan, like a loan from family or friends should hav...
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What is the best interest rate I can get to buy a new home?
To find the best interest rate on a loan for a new home, you ...
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What is the the average interest rate for a savings account?
Interest rates very based on initial deposit and term length ...
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535 at 6% compounded continuously for 10 years will be worth ...
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How do interest rates affect the housing market?
Interest rates, especially the rates on interbank exchanges a...
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What is the interest rate on a standard Visa credit card?
Capital One's Standard Platinum credit card is for people wit...
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How does an increase in real interest rate affect investment?
Changes in real interest rates affect the public's demand for...
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Which bank has the lowest loan interest rates?
PenFed has a 3.875% for its refinance offer. Their annual per...
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What is the principle interest on a loan for $ 103,600 at 5 % interest rate?
For a loan of $103,600 at an interest rate of 5%, your monthl...
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Do certificates of deposit pay a higher rate of interest than other types of accounts?
A CD typically offers a higher rate of interest than a regula...
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How did federal reserve uses to change short term interest rates and long term interest rates?
The Federal Reserve federal funds rate in the United States h...
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What is the current interest rate of a Wachovia savings account?
It depends on what kind of savings account you have with them...
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What is the prime interest rate?
Your answer is 3.25% (July 6, 2011). Src: Wolfram|Alpha
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What is the interest rate in a checking account at TDBank?
TD PremierSM No minimum initial deposit to open account $2,50...
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What is the home interest rate at?
The current interest rate on a 30 year fixed mortgage is 5.42...
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