### Interests Library

List of Q&A

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**Finding the Exact Simple Interest **

**Question** Find the interest amount and maturity value for the following loan:
Principal: $585
Interest rate: 9%
Date borrowed: June 5
Date …

**Calculate the daily compounding interest of a $1575 loan**

**Question** How would you calculate this question to get the total interest earned?
Principal: $1575
Interest rate: 0.75%
Time invested: 85 days …

**Compound Interest Calculated Monthly**

**Question** I made a loan of $500.00 with an annual 6% interest rate, which will be compounded monthly. How do I calculate this type of loan?
**Answer** …

**Finding the Time Period for Compound Interest**

Question
in what time the compound interest on Rs800 at 20% per annum will amount to Rs1152 if compounded annually?
Answer
STEP 1
The compound …

**Calculate Maturity Value for a Simple Interest Account**

**Question** Razifah deposited $2000 in an account at rate of 3.75% simple interest. 8 months later, she deposited another $3000 into account. Find …

**Amount of interest paid in 30 days on one year term** Not rated yet

**Question** Calculate the amount of interest paid on $1000 at 10% for one year with first payment in 30 days.
**Answer** STEP 1:
Our aim …