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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)


How many weeks can you claim statutory for?

In the UK, you can claim statutory maternity leave for up to 52 weeks. This is divided into 26 weeks of ordinary maternity leave and 26 weeks of additional maternity leave. You are also entitled to statutory maternity pay for up to 39 weeks, provided you meet certain eligibility criteria. Always check the latest guidelines or consult an expert for specific entitlements.


What is the purpose of time clocks?

The main purpose for punching a time clock is so that your boss knows what to pay you for. They will know when you are early , late or on time and whether or not you work a whole day or leave early.


What information is shown on a payslip and why?

A payslip typically includes details such as the employee's gross pay, deductions (like taxes and benefits), and net pay (the amount received after deductions). It also shows the pay period, the employee's personal information, and sometimes accrued leave balances. This information is essential for transparency, helping employees understand their earnings and deductions, and ensuring compliance with tax and labor laws. Additionally, it serves as a record for financial planning and verification purposes.


A meal at a restaurant is 10.00 with tax 7.5 percent plus you leave a 15 percent tip of the untaxed bill the total amount you would pay tax included is what?

12.36 CENTS OR 15.00 TO MAKE IT EASY with no change involved.

Related Questions

What is meaning of pay scale-5200-20200 plus grade pay 1800?

5200 to 20200 per month plus 1800


What is meaning of pay scale 5200 20200 plus grade pay 1800?

bakwassbaji


Who pays transportation costs for a US Army soldier to go on leave?

Where are you going on leave from? If you're taking your block leave from a non-combat zone, you pay your own transportation costs. If you're taking leave from a combat zone, the military will get you stateside, although you may have to pay your own costs from your port of entry to your final destination.


What is salary of LDC in central government?

basic salary 5200+grade pay 1900 and other allowanceFrom 5200-20200+1900


What is the pay scale for artist in sixth pay commission?

Rs. 5200-20200+GP Rs.1900


What is the basic salary in pay scale 5200-20200 with grade pay 2400?

it is around 17,700 inr starting.......


Maharashtra state scale of pharmacist 6pay?

5200-20200 grade pay 2800


What is the monthly salary of 5200-20200?

in esi udc job there is pay scale of 5200-20200 with grade pay 2400....andi thought it will give a monthly salary of 16000....any one know ......help about i t


What is the value of having an isopach map of pay zone?

Helps in obtaining the total estimate of hydrocarbons in the pay zone.


What is is an absence from duty that has not been approved by an appropriate management official putting the employee in a non-pay status by 15 minute increments?

Leave without pay (LWOP)


What is cost relationships?

Its a relationship where you have to pay your partner to be with them!


How much do you pay for sky zone?

25$