To calculate the interest earned on a $5,000 CD at an interest rate of 1.4% over 18 months, you can use the formula: Interest = Principal × Rate × Time. Here, the time is 1.5 years (18 months).
So, Interest = $5,000 × 0.014 × 1.5 = $105.
Therefore, the CD will earn $105 in interest over 18 months.
$2,500 is your answer
250.00.
Money deposited P: 5000 Rate of Interest r: 6 no. of years n: 1 Interest I = p * n * r / 100 = 300 Total money at the end of one year = P + I = 5300
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
5000 x 1.03 ^ (11/12) = your total interested earned
$2,500 is your answer
250.00.
Money deposited P: 5000 Rate of Interest r: 6 no. of years n: 1 Interest I = p * n * r / 100 = 300 Total money at the end of one year = P + I = 5300
250 pa
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000
It is 6655.
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
six percent
$214.68
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12