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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
What is the future value of 1200 a year for 40 years at 8 percent interest?
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
What is the simple interest on a loan of 600 for 3 years at 6 percent interest?
6% is 600x6/100 =36 per year. 3 years is 3x36 =108
The concepts of simple interest and compound interest?
With simple interest, you just multiply the capital, the number of years, and the yearly interest rate. For example, for a capital of 10,000 dollars, 3% interest, 10 years, that would give you 10,000 x 3/100 x 10 = 3,000 dollars interest.With compound interest, after the end of every year, the interest is added to the capital, before calculating the interest for next year.In the example above, the first year you get 10,000 x 0.03 = 300 dollars. This is then added to the capital, before calculating the interest rate for the next year; so, the second year you get 10,300 x 0.03 = 309 dollars interest.
At a certain rate of compound interest rs 15320 becomes rs 30640 in 6 year what is the rate of interest?
12.248%
What is the rate of interest if a sum of money doubles itself in 10 years at simple interest?
A simple interest rate of 10 per cent per year will double a sum of money in ten years.
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
What is three percent a year on one hundred and ten thousand?
3% is the same as 0.03 and 0.03*110,000 = 3,300 in one year If it is simple interest, it will be 3300 every year. If it is compound interest, the 2nd years interest will be based on starting amount with first years interest added to it, and so on
What is the future value of 1200 a year for 40 years at 8 percent interest?
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
What is monthly repayment on 500000 loan at 10 percent interest per year for 20 years?
This depends on if the interest is compounding every year or not.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
If the simple interest on 6000 for 6 years is 2160 then what is the interest rate?
It is 6%, as 360 is earned each year.
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
If i was to deposit 100000- every year for 5 years I would have 1000000- by the end of 10 years. what interest do I get?
Assuming the same rate of interest is applied after the first five years, it is 8.95%.
What is the simple interest of a loan for 1000 with 5 percent interest after 3 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
What is the simple interest of a loan for 1000 with 5 percent interest after 5 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
