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To calculate p% of a number, you need to multiply it by p and divide by 100, so 2% of 5000 is 5000 * (2 / 100) = 5000 * (1/50) = 100
(2/100) * 5000 = (1/50) * 5000 = 5000 / 50 = 100
2% of 1 billion divided by 5000 = 20000000 divided by 5000 = 4000.
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
Applying BODMAS, 5 + (5000 x 3) - (1/2 x 1) = 15004.5