What is the annual interest rate

Assignment Help Mechanical Engineering

Reference no: EM131355888

1. Simple interest of $190.67 is owed on a loan of $550 after four years and four months. Wha t is the annual interest rate?

2. How much will be in a bank account at the end of five years if €2000 is invested today at 12% interest per annum, compounded yearly?

Reference no: EM131355888

Questions Cloud

How long will it take him to reach his goal : Greg wants to have $50 000. He will invest S20 000 today in investment certificates that pay 8% nominal interest, compounded quarterly. How long will it take him to reach his goal?

Portion of the money in a bank certificate : A mother wants to invest $9,000 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4& and the remainder in a savings bond that earns 7%. If the total interest earned after o..

Make a sketch of the deformed shape of a beam : Make a sketch of the deformed shape of a beam subject to a positive bending moment Mx and positive axial load Nx. Make sure your drawing shows the thickness of the beam; i.e., do not idealize the beam by a line.

Make a sketch of the deformed shape of a beam : Make a sketch (not to scale) of the deformed shape of a beam subject to a positive bending moment Mx. Make sure your drawing shows the thickness of the beam; i.e., do not idealize the beam by a line.

What is the annual interest rate : How much will be in a bank account at the end of five years if €2000 is invested today at 12% interest per annum, compounded yearly?

Describe the scope and analyze how to control the scope : Procuring quality business requirements is an important step toward the design of quality information systems. Completion of a quality requirements document allows user needs and expectations to be captured so that infrastructure and information s..

Compute extensional coupling and bending stiffness matrices : Compute the extensional [A], coupling [B], and bending stiffness [D] matrices of a bimetallic (copper and aluminum) strip with each lamina 2 mm thick.

Take a piece of paper : Take a piece of paper that is .75 mm high, and rip it in half. Place the two halves on top of each other in a rip that in half; place all four pieces on top of each other and rip that in half... and repeat this process a total of 50 times.

What is a health care organizations administrative role : What is a health care organization's administrative role regarding oversight of risk management policies and ensuring compliance with managed care organization (MCOs) standards?

User Account

All Pages