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Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200
Compound interest: = 5000 x 1.064 = 6312.38
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∙ 14y ago
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What is 5000 compounded quarterly at 6 percent for 5 and a half years?
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
5000 compounded annually at 6 percent for 5 years?
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
A loan of 5000 is made for 83 days at 6 percent what is the exact interest?
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
What is 4 percent of 150?
150% of 4= 150% * 4= 1.5 * 4= 6
How do you write 0.06 percent as a fraction?
0.06% = 0.0006 = 6/10000 or 3/5000 in fraction
What is 5000 compounded quarterly at 6 percent for 5 and a half years?
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
5000 compounded annually at 6 percent for 5 years?
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
What is 5000 dollars compounded semiannually at 6 percent for 5 years?
5000 x (1.03)10 = $6719.58
What is six percent of 5000 dollars?
6% of 5000= 6% * 5000= 0.06 * 5000= 300
Calculate the future value of 5000 compounded annually ay 6 percent for 5 years?
5000 x (1.06)5 = 5000 x 1.338 = 6691.13
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
What is 6 percent of 5000?
300. 1 percent of 5,000 = 50. 50 X 6 = 300
Find the present value of 1 a single payment of 24000 at 6 percent for 12 years 2 12 annual payments of 2000 at 6 percent 3 a single payment of 5000 at 9 percent for five years and?
what is present value of a single payment of 24,000 at 6 percent for 12 years
How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
How long will 1000000 dollars last making 4 percent and taking out 6 percent?
20 YEARS
A loan of 5000 is made for 83 days at 6 percent what is the exact interest?
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
What is 4 percent of 150?
150% of 4= 150% * 4= 1.5 * 4= 6
