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How much interest would you receive for 2000.00 at .5 percent interest for 1 year?
Wiki User
∙ 11y ago
2010.00
Wiki User
∙ 11y ago
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How much interest would you get if you had 200000 in the bank?
The amount of interest one could expect to receive when having $200,000 in the bank would depend upon many factors. The bank in which the funds are located and the interest rates they offer will determine the amount of interest calculated on the balance in the account.
How do you figure 4 percent of 200000?
10% of 200000 would be 20000 so 5% would be 10,000. So 4% would be approximately 9900-9999.
How much would 200000 invested at 5 percent interest compounded monthly be?
If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
How much interest would you get if you had 200000 in the bank?
The amount of interest one could expect to receive when having $200,000 in the bank would depend upon many factors. The bank in which the funds are located and the interest rates they offer will determine the amount of interest calculated on the balance in the account.
How do you figure 4 percent of 200000?
10% of 200000 would be 20000 so 5% would be 10,000. So 4% would be approximately 9900-9999.
How much would 200000 invested at 5 percent interest compounded monthly be?
If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?
12.76
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
How many years would it take for 55000 pounds to receive 39600 pounds simple interest at a rate of twelve percent pa?
Each year you would receive 0.12 x 55,000 = 6,600 pounds simple interest. With no compounding 39,600 / 6,600 = 6 years
Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
Would you rather receive simple interest at the rate of 10 percent per year or 1 percent per month Explain?
1% because in a year itll be 12% instead of 10%
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
