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#8876 2021-02-02 15:17:20
- ganesh
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Re: 10 second questions
Hi,
Excellent!
#7903. Simpson invested a sum of $15,000 at 9% per annum simple interest and $12,000 at 8% per annum compound interest compounded annually for a period of two years. What amount of interest did Simpson earn in 2 years?
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8877 2021-02-03 03:14:34
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8878 2021-02-03 15:31:39
- ganesh
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Re: 10 second questions
Hi,
Excellent!
#7904. If I have to pay $4900 in 5 months from now, then what amount should I pay totay if the rate of simple interest is 5% per annum?
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8879 2021-02-04 05:34:51
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8880 2021-02-04 15:59:15
- ganesh
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Re: 10 second questions
Hi,
Neat work!
#7905. Find the amount paid by a borrower after 6 years, if he had borrowed $6000 at 15% per annum simple interest.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8881 2021-02-05 04:09:40
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8882 2021-02-05 15:25:10
- ganesh
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Re: 10 second questions
Hi,
Good work!
#7906. Find the compound interest on $12000 at 10% per annum for 5 years (compounded annually).
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8883 2021-02-07 03:18:34
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8884 2021-02-07 15:53:29
- ganesh
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Re: 10 second questions
Hi,
Excellent!
#7907. Find the difference between compound interest and simple interest on $16,000 for one year reckoned half-yearly.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8885 2021-02-08 05:20:36
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8886 2021-02-08 14:59:33
- ganesh
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Re: 10 second questions
Hi,
Corrigendum : #7907. Find the difference between compound interest and simple interest on $16,000 for one year at 10% per annum reckoned half-yearly.
(Sorry for the inconvenience).
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8887 2021-02-09 03:41:23
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8888 2021-02-09 15:52:36
- ganesh
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Re: 10 second questions
Hi,
Neat work!
#7908. Find the amount payable after 3 years if a sum of $15000 is deposited in a bank at the rate of 12% per annum, compounded half-yearly (to the nearest Dollar).
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8889 2021-02-10 04:06:49
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8890 2021-02-10 15:43:36
- ganesh
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Re: 10 second questions
Hi,
Excellent!
#7909. If the interest paid by Sally on $14,000 is $1,260 for a period of three years, then find the rate of simple interest charged.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8891 2021-02-11 04:21:40
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8892 2021-02-11 15:14:24
- ganesh
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Re: 10 second questions
Hi,
Good work!
#7910. Find the Principal which will give $29,700 as simple interest at the rate of 9% per annum in 5 years 6 months.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8893 2021-02-12 03:32:26
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8894 2021-02-12 15:28:45
- ganesh
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Re: 10 second questions
Hi,
Neat work!
#7911. A sum of money becomes 6 times in 20 years at r% per annum Simple Interest. Find the value of r.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8895 2021-02-13 03:55:52
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8896 2021-02-13 15:45:03
- ganesh
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Re: 10 second questions
Hi,
Neat work!
#7912. Find the amount payable after one year, it a loan of $2500 is taken 24% per annum simple interest charged quarterly.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8897 2021-02-14 05:05:11
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8898 2021-02-14 15:37:41
- ganesh
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Re: 10 second questions
Hi,
Smart work!
#7913. An amount of loan is discharged by paying 3 equal instalments of $9,261 each. If the rate of interest charged was 20% per annum compounded quarterly, then find the amount of loan borrowed.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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#8899 2021-02-15 04:06:26
- irspow
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Re: 10 second questions
I am at an age where I have forgotten more than I remember, but I still pretend to know it all.
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#8900 2021-02-15 15:36:53
- ganesh
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Re: 10 second questions
Hi,
#7914. The compound interest on a sum of money for 2 years is $2750 and that for three years is $4550. Find the rate of interest.
It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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