An investor has a total of 18,000 deposited in three different accounts, which earn annual interest of 9%, 7%,
351013
You have a system of equations.  Let X be the amount in the 9% account, Y be the amount in the 7% account, and Z be the amount in the 5% account.\n\nSo, X + Y + Z = 18,000\nand 0.09X + 0.07Y + 0.07Z = 1,340\nBut you know X = 2Z, so you can make this substitution in the first two equations.  Then you have two equations and two variables (Y and Z), which is easy enough to solve.  Then X = 2Z, and you're done.
1030540
Even though its an annual fee it will accrue interest in you do not pay the whole balance off.\n\nLC
1072856
They are conserving their personal wealth.
758175
Total money = $306,000\n\nRatio = 3:3:5:7  which means 1st = 3x ; 2nd = 3x ; 3rd = 5x ; 4th = 7x\n\nAdding 'x' would give you > 3x+3x+5x+7x = 18x\n\nEquation would be >  18x = 306000\n\nwhich will give  1x = 17000\n\n3x = 3*17000 (1st , 2nd)\n\n5x = 5*17000 (3rd)\n\n7x = 7*17000 (4th)\n\nThe rest should be pretty obvious.\n\n\n\nP.S. Leave a note if you need more help.
502595
The bank issues a 1099 interest that is earned from your Certificate of Deposit. And that has to be claimed in your tax return.
220294
$1,994.30 in interest, plus the original $25,900, assuming simple annual interest of 8.4% and no missed payments if any were due during the time the loan was unpaid.
28524
accumulation fun is interest earned\nyes
268323
Investment is done with logical speculation.
994193
I sure can.  It is neat to find someone who is looking for practice--I really appreciate that.\n\nSo if I have $20,000 invested for 3 years at 5.5% (compounded annually), how much interest do I earn?\n\nHow about if I have $7,500 invested for 12.5 years at 3.75% compounded annually?\n\nAnd finally, what if I have $12,000 invested for 5 years at 4.8% compounded monthly?\n\nHere are the answers you should get (all rounded to the nearest cent):\n$3,484.83\n$4,382.63\n$3,247.69
1168807
My 7 month old is being taxed on the interest in her savings.
369088
If you got 3% interest annually it would be at $572.18 now.\n\nI get 3% on savings at my credit union, bank rates will be lower.
806890
$70,000 on up. Some can make millions.
706748
Is 7% the annual interest rate?  If so, then over 60 days, that interest rate would be 7% * 60/365 = apx. 1.15%.  Divide your interest earned by that interest rate to determine your principal:\n\n54,509 / .01150685 = $4,737,091
570056
Call the number on your statement.  It is probably a fixed rate account in a variable annuity or variable life insurance policy.
1025851
They have different prices.  Some do a flat rate, some take a percentage of investments.  Ask each one their price.
1157852
It lends money to banks and collects interest.
246324
The simplest way is to multily by 12.  While that doesn't give the exact rate, it is generally close enough.  For deposits, (savings accounts or money markets) rates are usually expressed in APY (annual percentage yield).  So a money market paying 6% APY would have a 0.5% monthly yield, if interest is compounded monthly.\n\nFor loans, most lenders calculate interest by assuming that each month has 30 days and each year has 360 days.  That makes each month have the same interest.  To get the actual annual rate, you would divide the monthly rate by the number of days in the month (31 for march) and multiply by the number of days in the year (365).  But the result is so close that it's usually good enough to just multiply by 12.