1% 0f 20,000?
(1/100)(20,000) = 200 or
0.01 x 20,000 = 200
Chat with our AI personalities
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
Total value = 20000*(1.06)2 = 22472 So interest = 2472
$5,249.54
2/3 of 200.00 is 133.33
410