About ChaCha

If the simple interest of I on an investment of P at an interest rate of our for T years is given by I=PRTwhat would be the time it would take to earn 1000?

In: Business › Finance & Economy › Interest Rate

Rate This Answer

Interest Rate In the equation I=PRT, you need to know the interest rate and principal to know how long it will take to earn $1000. ChaCha!

Answered by Trisha N. -

Galleries

See All Galleries »

What Should I Do While I'm Unemployed?

What Should I Do While I'm Unemployed?

Viewed 0 times

Extreme Ways To Pay Off Your Student Loans

Extreme Ways To Pay Off Your Student Loans

Viewed 238 times

How to Lower Your Teen's Car Insurance

How to Lower Your Teen's Car Insurance

Viewed 49 times

Prices Increase at the Pump

Prices Increase at the Pump

Viewed 7 times

Top Questions Asked on ChaCha.com for Interest Rate

In the Last:
Day | Week | Month

  1. If you put 27,000 down payment on a vehicle and it costs 45,000 altogether with an interest rate of 0.08 what would your monthly payments be over 72 months?

    Your monthly payments on a $18,000 loan with an 8% interest r...

  2. 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 ...

  3. 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...

  4. How do increased interest rates affect the balance of trade?

    When you increase the rates that charges more money and there...

  5. If Jackson is paid an interest rate of 10% on his saving but the inflation rate has risen to 20% what is the purchasing power of his saving?

    Jackson's savings are decreased by 10 percent. ChaCha!

  1. What is a higher interest rate is usually a trade off for?

    On an individual level, the trade-off for a higher interest r...

  2. What is the relationship between interest rates and demand for money?

    Demand for money is dependent on price of money- the interest...

  3. What's the difference between APY and an interest rate?

    (APY) annual percentage yield is the amount you earn on an in...

  4. 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 ...

  5. If the market interest rate is greater than the contractual interest rate, bonds will sell at a discount? True or false?

    If the market rate is higher than the contract rate, the bond...

  1. If Jackson is paid an interest rate of 10% on his saving but the inflation rate has risen to 20% what is the purchasing power of his saving?

    Jackson's savings are decreased by 10 percent. ChaCha!

  2. What is a higher interest rate is usually a trade off for?

    On an individual level, the trade-off for a higher interest r...

  3. What would your monthly payments be with an 8000 dollar car with the average interest rate?

    There is no national standard for auto loans; the rates vary ...

  4. How is FBN rate with savings and investment and interest rates?

    The acronym FBN can stand for many different companies. Do yo...

  5. What is the relationship between interest rates and demand for money?

    Demand for money is dependent on price of money- the interest...

Top Questions Asked on ChaCha Mobile for Interest Rate

In the Last:
Day | Week | Month

  1. What is TD Bank's interest rate on savings accounts?

    Interest rates will vary by state for TD Bank savings account...

  2. What is the interest rate the fed charges to commercial banks?

    I checked many sources and couldn't actually find what intere...

  3. What are high interest rates?

    Companies have very high interest rates. Thanks for using Cha...

  4. 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 ...

  5. How long will it take an investment to triple if it earns interest at an annual rate of 5.25% compounded continuously?

    It will take an investment about 21 years to triple if it ear...

  1. 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...

  2. What is the current interest rate of a Wachovia savings account?

    It depends on what kind of savings account you have with them...

  3. What is the prime interest rate?

    Your answer is 3.25% (July 6, 2011). Src: Wolfram|Alpha

  4. What is the interest rate the fed charges to commercial banks?

    I checked many sources and couldn't actually find what intere...

  5. What is the interest rate on a standard Visa credit card?

    Capital One's Standard Platinum credit card is for people wit...

  1. What are high interest rates?

    Companies have very high interest rates. Thanks for using Cha...

  2. How long will it take to earn $568.75 in interest if $2500 is invested at a 6.5% annual interest rate?

    It would take three and a half years to earn $568.75 in inter...

  3. What is the relationship between 'velocity of money and interest rate?

    Velocity of money is also influenced by interest rates. When ...

  4. What bank has the lowest interest rate on a refinance veterans loan?

    If you're a veteran or military personnel who currently has a...

  5. What is the current interest rate in a 10 year cd?

    3.46% is the current average rate for a 10 year CD, check wit...

Comments

Advertisement
›
›
›
›
Interest Rate
Become a Guide