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Susan deposits 5000 in a bank at simple 6 percent interest annually after one year how much money does she have?
Wiki User
∙ 14y ago
Money deposited P: 5000
Rate of Interest r: 6
no. of years n: 1
Interest I = p * n * r / 100 = 300
Total money at the end of one year = P + I = 5300
Wiki User
∙ 14y ago
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What is the simple interest paid annually for 5 years on a 700 loan at 11 percent per year?
The interest paid annually is 700*5/100 = 35
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
Lisa deposits 7000 into an account that pays a simple interest rate of 3 percent a year How much interest will she be paid in the first 6 years?
7000*0.03*6 = 1260
What is the simple interest paid annually for 5 years on a 700 loan at 11 percent per year?
The interest paid annually is 700*5/100 = 35
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
Eric earns 6.5 percent simple interest annually on his savings account he has a beginning balance of 459.32 How much interest does he receive?
29.86
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
What is the future value of 100000 dollars with 20 percent interest in 10 years?
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
Lisa deposits 7000 into an account that pays a simple interest rate of 3 percent a year How much interest will she be paid in the first 6 years?
7000*0.03*6 = 1260
What is 3 percent of 300000 over 30 years?
If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).
How simple interest is calculated for deposits?
The simple interest, I, on a deposit of C, at an interest rate of r% per year, deposited for y years, is calculated as I = C*(r/100)*y
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
What is the interest on 600 at 12 percent for 2 years?
Simple interest: 144Compound interest: 152.64
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
