Best Answer

6 ÷ 100 × 20000 = 1200

Q: How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

It is 200.

It is 20000*(1.07)^60 = 1158928.54

189.89

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

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

Related questions

It is 200.

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

The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.

0.05% of 20000 = 10

20000*3/100 = 600 per period.

It is 20000*(1.07)^60 = 1158928.54

5 percent

$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.

189.89