# Interest question

1. Jan 8, 2005

### sp00ky

1. Determine the interest rate for a principal of $150 to amount to$275 in 8 years with interest compounded semi-annually.

2. Suppose you deposit \$1000 in an investment account for one year at 6%. How much more money will you receice if the investment is:

2. Jan 8, 2005

Use the equation

I = P( 1 + r/n ) ^nt

3. Jan 8, 2005

### Gokul43201

Staff Emeritus
sp00ky, please read the posting rules for this section in the sticky at the top of the threads in this section.