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How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
Updated: 10/18/2022
Wiki User
∙ 10y agoBest Answer
6 ÷ 100 × 20000 = 1200
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∙ 10y agoThis answer is:
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How much money is earned if 20000 is deposited at 1 percent for 1 yr?
It is 200.
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
What is 19 percent of 20000?
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800
What is 3.75 percent of 20000?
3.75% of 20000 = 20000*3.75/100 = 750
Related questions
How much money is earned if 20000 is deposited at 1 percent for 1 yr?
It is 200.
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
How much interest wll be earned if 20000 is deposited in a bank at 8.5 percent per annum?
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.
How much interest would i have if its .05 percent of 20000?
0.05% of 20000 = 10
How much is interest on 20000 at 3 percent?
20000*3/100 = 600 per period.
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
How much interest will 20000 earn in two years if invested at 6 percent compounded semiannually?
$5,249.54
What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
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
What is 18 percent of 20000?
18 percent of 20000 is 3600.
How much money should be deposited today in an account that earns 6 percent compounded semi annually so that it will accumulate to 20000 in five years?
189.89
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