40
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
2000
1 percent of 2,000 is 20 .
It is 240 currency units.
The Philippine population grew at an annual average growth rate of 2.04 percent from 2000 to 2007.
The Philippine population grew at an annual average growth rate of 2.04 percent from 2000 to 2007.
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
320
if its simple interest: I = prt = 240 the total money to be returned is 2240
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
PV = $1,783.53 =PV(5%,5,50,2000,0) PV( interest_rate, number_payments, payment, FV, Type )
9% means 9/100 = 0.09 0.09 * $2000.00 = $180.00 in simple interest for one year =============================