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A loan of 5200 is made for one year at a compound interest rate o 5 percent monthly How much is owed after one year?
y= 5200 x 1.05n is the method to find the answer when y is the value owed and n being the number of months taken to pay. 1.05 is the 1 time plus 5% interest monthly. (1+5%=1.05 or 105%)
Eg.
5200 x 1.051= $5460 for 1 month
5200 x 1.052= $5733 for 2 months and so on. Note that the interest of $273 also has interest charged to it.
Therefore, 1 year = 12 months which means money owed 1 year later is
5200 x 1.0512 = $9338.452895... ≈ $9338.45 (2 decimal place)
What else can I help you with?
What is 4 percent of 5200?
4% of 5200 = 4% * 5200 = 0.04 * 5200 = 208
What is 80 percent of 5200?
80% of 5200 = 80% * 5200 = 0.8 * 5200 = 4,160
What percent is 500 of 5200?
500% of 5200 is 26,000
What is 15.75 percent of 5200?
15.75% of 5,200 = 15.75% * 5200 = 0.1575 * 5200 = 819
What is 3 percent of 5200?
It is 5200*(3/100) = 156
What is 80 percent of 5200?
80% of 5200 = 80% * 5200 = 0.8 * 5200 = 4,160
What is 4 percent of 5200?
4% of 5200 = 4% * 5200 = 0.04 * 5200 = 208
What is 22 percent of of 5200?
22% of 5200 = 5200*22/100 = 1144
What percent is 500 of 5200?
500% of 5200 is 26,000
What is 15.75 percent of 5200?
15.75% of 5,200 = 15.75% * 5200 = 0.1575 * 5200 = 819
What is 3 percent of 5200?
It is 5200*(3/100) = 156
What is 20 percent of 26000?
5200
What is 15.4 percent of 5200?
800.8
What percent of 5200 is 1820?
It is: 35%
What is 17 percent of 5200?
884
What is 8 percent of 65000?
5200.
What is 28 percent of 5200?
The answer to 'what is 28 percent of 5,200' is 1,020
