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What is the simple interest earned on 1 200 at 3.5 for 5 years?
WalgensEtiennegp1307
200.00
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Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
How much interest is earned 1000 x 2.5 percent for 8years?
200 intrest
How much would 200 invested at 8 percent interest compounded annually be worth after 6 years?
200 x (1.08)6 = 317.37
How much would 200 invested at 8 percent interest compounded monthly be worth after 6 years?
322.7
How much would 200 invested at 7 percent interest compounded monthly be worth after 5 years?
283.52
What is the simple interest on a loan of 200 at 8 percent interest for 3 years?
$48
Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
If you borrow $200 at 6% simple interest and keep it for two years, how much will you have to pay back?
it should be around $224
What if your savings account pays 5 simple interest. You opened your savings account with 200 and did not add any additional deposits. After 2 years your account balance is approximately?
For simple interest you get $10 a year total in the account for 2 years $220.The answer is arrived at by multiplying $200x1.05x1.05 (for compound interest).$200x1.05x1.05= $220.50
How much interest is earned 1000 x 2.5 percent for 8years?
200 intrest
How the simple interest found in investment?
Multiply the principal (P) by the annual* interest rate as a decimal (r) and the time in years* (t). *The time period may be expressed in months, etc. For example, $2000 invested at 7% simple interest for 5 years: I = Prt = 2000x0.07x5 = 140x5 = $700.
How much interest will you earn on 200 million dollars in a day?
The interest earned will fluctuate with the interest rate and type of account. As of March 2013 interest rates, the daily interest accrued would be approximately $21,918.
What is difference between simple interest and compound interest with example?
For a single period there is no difference between the two. However, in the case of longer periods, simple interest is calculated on the capital borrowed (or lent). For periods after the first, compound interest is calculated not only on the capital but also on the interest accrued during previous years.For example, if 200 is borrowed at 5% for 3 years, then with simple interest, it will be200*(1+0.05*3) = 230. The compounded value is 200*(1.05)^3 = 231.53[Note 0.05 and 1.05 are used because 5% = 0.05 and a number increased by 5% is equivalent to multiplying it by 1.05.]
Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
James invested 4000 at 5 percent interest per year how long will it take to earn 200 in simple interest?
1 year
How much would 200 invested at 6 interest compounded annually be worth after 6 years?
Compound Interest = P(1+r/100n)(nt) P = Original Investment r = Interest Rate n = How often the interest is compounded per year t = Number of years Interest = 200(1+6/100)6 = 200(1.06)6 =$283.70
How long have simple machines been around?
200 years
