Q: How much interest would you receive for 2000.00 at .5 percent interest for 1 year?

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The amount of interest one could expect to receive when having $200,000 in the bank would depend upon many factors. The bank in which the funds are located and the interest rates they offer will determine the amount of interest calculated on the balance in the account.

10% of 200000 would be 20000 so 5% would be 10,000. So 4% would be approximately 9900-9999.

If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.

Simple interest would be 1040

Simple interest would be 360

Related questions

1 percent of 2,000 is 20 .

The amount of interest one could expect to receive when having $200,000 in the bank would depend upon many factors. The bank in which the funds are located and the interest rates they offer will determine the amount of interest calculated on the balance in the account.

10% of 200000 would be 20000 so 5% would be 10,000. So 4% would be approximately 9900-9999.

If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.

12.76

463.72

Each year you would receive 0.12 x 55,000 = 6,600 pounds simple interest. With no compounding 39,600 / 6,600 = 6 years

The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.

1% because in a year itll be 12% instead of 10%

Simple interest would be 1040

Simple interest would be 360

You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D