What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?

Name: What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?
Uploaded: 2020-04-17T12:08:34+00:00
Channel: Joey Tang
Description: What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate?

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sushibaeLv3

26 Dec 2022

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Patrina SchowalterLv2

9 Jul 2019

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Joey Tang

Bachelor’s Degree in Chemistry from McMaster University

17 Apr 2020

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Related questions

The simple interest on a loan of $200 at 10 percent interest per year is?

1. Sylvia is negotiating the purchase of a car, and she determines that she must borrow $20,000. She is oﬀered ﬁnancing at an annual interest rate, i, with monthly payments beginning one month after the loan is made. She can repay the loan over a 2 year period (24 payments) at $592.15 per month, or over a 3 year period (36 payments) at $426.64 per month (the same interest rate for both cases).
Find the interest rate i and the monthly amount payable if she were to repay the loan over a 4 year period (48 payments) at this same interest rate.
2. Ralph and Silvana are looking at two diﬀerent stocks, Profetto Group Inc. and ACME Inc. They see that the ACME Inc. stock currently pays dividends of $8 with a compound rate of r = 0.005. Both stocks currently sell for the same price, $320.
What is the annual interest rate?
HINT: Use the Dividend Discount Model formula