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The interest is 300% per year.

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9y ago
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Q: If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
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Related questions

What amount a man would have received on a principle of rs 4000 after two years at simple interest at the rate of 5 per cent annul?

4000 x 1.05 = 4200 4200 x 1.05 = 4410


What is one third of 12000?

4000


What is the compound interest of 4000 at 4 percent over 30 years?

The interest will be 8973.59 approx.


How do you put 24 thousand in expand form?

24000 = 20000 + 4000 in expand form


How many years were between 8000 bc and 4000 bc?

4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.4000 years.


How many feet 4000-20000 m?

24000


In how many years a sum of 4000 will earn rs 400 as interest at 10 percent pa?

in one year a sum of 4000 will earn rs 400 as interest at 10 percent pa


How do you find the simple interest rate?

Rate= Interest/Principle x Time. For Example.... Camilla borrowed $2000,(That's the principle),the interest is $4,000 her year was 3, and it was 4% each year,(.04) Explanation.... $2000 x 3 = $6000...$4000 divided by $6000 = .7 (If you round it). The rate= .7


How do you find the rate in simple interest?

Rate= Interest/Principle x Time. For Example.... Camilla borrowed $2000,(That's the principle),the interest is $4,000 her year was 3, and it was 4% each year,(.04) Explanation.... $2000 x 3 = $6000...$4000 divided by $6000 = .7 (If you round it). The rate= .7


After 3 years, Remington earned $390 in simple interest from a CD into which he initially deposited $4000. What was the annual interest rate of the CD?

3.25%


What is the interest of 4000 at 15 percent?

4000 + 600(15%) = 4600


How much interest would you earn if you save 4000 at 5 percent annual interest for 3 years?

You could probably do this easier but this is how I would do it. .05*4000 = 200+4000 = 4200*.05 = 210+4200 = 4410*.05 = 220.5+4410 = 4630.5 So you will end up with $4,630.50 your welcome