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What grows by 2 percent per annum?

Updated: 4/28/2022
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Your capital in a poor savings account.

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Q: What grows by 2 percent per annum?
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What is 2 percent per annum?

The same as 2% per year. Per annum means per year.


What is 20000 in 5 years with 7 percent interest compounded semiannually?

After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98


What is 30 percent of 200 meters?

30 per hundred, 2 x 30 = 60 m


What rate of interest compounded annually is required to double an investment in 24 years?

If you start with an investment of I and the interest rate is r% per annum (compounded), then you want a solution to2I = I(1 + r/100)24or I = (1 + r/100)24That is ln(2) = 24*ln(1 + r/100)so that ln(1 + r/100) = ln(2)/24 = 0.02888or (1 + r/100) = exp(0.02888) = 1.0293and so r/100 = 0.0293 so that r = 2.93%If you start with an investment of I and the interest rate is r% per annum (compounded), then you want a solution to2I = I(1 + r/100)24or I = (1 + r/100)24That is ln(2) = 24*ln(1 + r/100)so that ln(1 + r/100) = ln(2)/24 = 0.02888or (1 + r/100) = exp(0.02888) = 1.0293and so r/100 = 0.0293 so that r = 2.93%If you start with an investment of I and the interest rate is r% per annum (compounded), then you want a solution to2I = I(1 + r/100)24or I = (1 + r/100)24That is ln(2) = 24*ln(1 + r/100)so that ln(1 + r/100) = ln(2)/24 = 0.02888or (1 + r/100) = exp(0.02888) = 1.0293and so r/100 = 0.0293 so that r = 2.93%If you start with an investment of I and the interest rate is r% per annum (compounded), then you want a solution to2I = I(1 + r/100)24or I = (1 + r/100)24That is ln(2) = 24*ln(1 + r/100)so that ln(1 + r/100) = ln(2)/24 = 0.02888or (1 + r/100) = exp(0.02888) = 1.0293and so r/100 = 0.0293 so that r = 2.93%


What is 1 5 as a percent?

.2 or 20 %

Related questions

What is 2 percent per annum?

The same as 2% per year. Per annum means per year.


How much did the first Senators in 1789 get paid per day?

Senate Salaries since 1789 1789-1815 -- $6.00 per diem 1815-1817 -- $1,500 per annum 1817-1855 -- $8.00 per diem 1855-1865 -- $3,000 per annum 1865-1871 -- $5,000 per annum 1871-1873 -- $7,500 per annum 1873-1907 -- $5,000 per annum 1907-1925 -- $7,500 per annum 1925-1932 -- $10,000 per annum 1932-1933 -- $9,000 per annum 1933-1935 -- $8,500 per annum 1935-1947 -- $10,000 per annum 1947-1955 -- $12,500 per annum 1955-1965 -- $22,500 per annum 1965-1969 -- $30,000 per annum 1969-1975 -- $42,500 per annum 1975-1977 -- $44,600 per annum 1977-1978 -- $57,500 per annum 1979-1983 -- $60,662.50 per annum 1983 -- $69,800 per annum 1984 -- $72,600 per annum 1985-1986 -- $75,100 per annum 1987 (1/1-2/3) -- $77,400 per annum 1987 (2/4) -- $89,500 per annum 1990 (2/1) -- $98,400 per annum 1991 -- $101,900 per annum 1991 (8/15) -- $125,100 per annum 1992 -- $129,500 per annum 1993 -- $133,600 per annum 1994 -- $133,600 per annum 1995 -- $133,600 per annum 1996 -- $133,600 per annum 1997 -- $133,600 per annum 1998 -- $136,700 per annum 1999 -- $136,700 per annum 2000 -- $141,300 per annum 2001 -- $145,100 per annum 2002 -- $150,000 per annum 2003 -- $154,700 per annum 2004 -- $158,100 per annum 2005 -- $162,100 per annum 2006 -- $165,200 per annum


What is the present worth of Rupees.132 due in 2 years at 5 percent simple interest per annum?

120


12 percent per annum and 2 percent above libor which is favorable?

"2% above Libor" would mean a percentage that is 2 percent more than the Libor rate. You would have to get the current rates (there are different rates for different conditions), add 2%, and then compare.


What is the average package in srm university for MBA?

2 lakh per annum


How much aid did the US give to Pakistan?

Roughly 2 bln $ per annum


What is the average interest on 2 million dollars?

Around $100, 000 per annum.


If 64 amounts to 83.20 in 2 years what will 86 amount to in 4 years at the same rate percent per annum?

S.I on $ 64 for 2 years = $ 19.20 Rate = {100 * 19.20 /64 * 2} = 15% source- www.examville.com


Find the amount and the compound interest on RS 10000 at 8 per cent per annum and in 2 years?

10000 x (1.08)2 = 11664


How much is the salary given to the software tester having 2 years of experience?

THREE lakh per annum


What is 20000 in 5 years with 7 percent interest compounded semiannually?

After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98


The human population grows by about 2 percent each year what growth?

exponential