6 ÷ 100 × 20000 = 1200
It is 200.
5% ($72.50) per year.
200 intrest
4000 !
6 ÷ 100 × 20000 = 1200
Total value = 20000*(1.06)2 = 22472 So interest = 2472
0.05% of 20000 = 10
It is 200.
$5,249.54
$2400
5% ($72.50) per year.
400.
50,940 dollars
200 intrest
Interest = 2472
The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.