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How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
What does borrowing 20 thousand dollars at simple interest rate of 8.9 per cent for 72 months mean?
Simple interest is calculated: Interest= Principle X Rate X Time. In this case Interest= 20000 X .089 X 6 (72 months= 6 yrs) which equals $10680 in interest. You would owe/pay $30680 at the end of the 72 months.
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is theSimple interst for 20000 20 percent for 6 months?
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
What would be the amount for early withdrawal on 20000 6 percent CD if the penalty involves two months of interest?
$200
How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
How much interest would i have if its .05 percent of 20000?
0.05% of 20000 = 10
What does borrowing 20 thousand dollars at simple interest rate of 8.9 per cent for 72 months mean?
Simple interest is calculated: Interest= Principle X Rate X Time. In this case Interest= 20000 X .089 X 6 (72 months= 6 yrs) which equals $10680 in interest. You would owe/pay $30680 at the end of the 72 months.
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is theSimple interst for 20000 20 percent for 6 months?
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
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
How would you find out what would be the amount for early withdrawal on 20000 6 percent CD if the penalty involves two months of interest?
20,000 x .06 x 2/12 = 200 penalty
How can you make 20000 dollars in 90 days?
Deposit $8 million at 1% interest.
What is three and a half per cent interest on 20000?
.035 x 20,000 = 700
