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To calculate the interest earned on $3,000 at a 7% annual interest rate over 4 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Plugging in the values: Interest = $3,000 × 0.07 × 4, which equals $840. Therefore, the total interest earned would be $840 over the 4-year period.
What else can I help you with?
What would 5 percent interest on 20.000 over 5 years?
To calculate 5 percent interest on $20,000 over 5 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be ( 20,000 \times 0.05 \times 5 = 5,000 ). Therefore, the total amount after 5 years would be $20,000 (principal) + $5,000 (interest) = $25,000. If compounded annually, the total amount would be higher due to interest on interest.
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
How many years would it take to double 100 if it earned 7.75 percent interest per year?
10 years
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
What would 5 percent interest on 20.000 over 5 years?
To calculate 5 percent interest on $20,000 over 5 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be ( 20,000 \times 0.05 \times 5 = 5,000 ). Therefore, the total amount after 5 years would be $20,000 (principal) + $5,000 (interest) = $25,000. If compounded annually, the total amount would be higher due to interest on interest.
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
Invest 10000 at 5 percent annual interest how much would you have in 3 years?
You will have $11576.25
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
How many years would it take to double 100 if it earned 7.75 percent interest per year?
10 years
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
What is 6 years at 30 percent?
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
How much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
He would make 250*(5.4/100)*5 = 67.57
If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?
The total interest would be 73606.07 dollars, approx.
