Best Answer

20,000 + 2(0.05)(20,000) = 22,000

Q: A bank lent 20000 with interest calculated at 5 percent per year for 2 years How much would the borrower repay?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

6 ÷ 100 × 20000 = 1200

It is 20000*(1.07)^60 = 1158928.54

ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800

3.75% of 20000 = 20000*3.75/100 = 750

20000/100 = 200

Related questions

0.05% of 20000 = 10

6 ÷ 100 × 20000 = 1200

20000*3/100 = 600 per period.

It is 20000*(1.07)^60 = 1158928.54

5 percent

Total value = 20000*(1.06)2 = 22472 So interest = 2472

$5,249.54

It is approx 77393.69 units of currency.

After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98

18 percent of 20000 is 3600.

42% of 20000= 42% * 20000= 0.42 * 20000= 8,400

ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800