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If you deposited 1000 in a savings account that pays 8 percent interest quarterly how much could you have in eighteen months?
1000*(1.08)6 = 1586.87.
What do you understand by interest?
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
How much interest is 6 percent on 1000 000?
60,000
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
What is 15 percent interest on 1000?
To calculate 15 percent interest on $1000, you first convert the percentage to a decimal by dividing by 100, which gives you 0.15. Then, you multiply the principal amount ($1000) by the decimal interest rate (0.15) to find the interest amount. Therefore, 15 percent interest on $1000 would be $150.
If you deposited 1000 in a savings account that pays 8 percent interest quarterly how much could you have in eighteen months?
1000*(1.08)6 = 1586.87.
What is 1000 pesos interest for 2.5percent?
1000+2.50 percent
What do you understand by interest?
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
How much interest is 6 percent on 1000 000?
60,000
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?
62
What is 15 percent interest on 1000?
To calculate 15 percent interest on $1000, you first convert the percentage to a decimal by dividing by 100, which gives you 0.15. Then, you multiply the principal amount ($1000) by the decimal interest rate (0.15) to find the interest amount. Therefore, 15 percent interest on $1000 would be $150.
What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?
Simple interest = 1000 * 5/100 * 3 = 150
What is the simple interest of a loan for 1000 with 5 percent interest after 5 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
What is the simple interest of a loan for 1000 with 5 percent interest after 3 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
How much interest is earned 1000 x 2.5 percent for 8years?
200 intrest
What is the formula to calculate 1000 invested at 8 percent for 5 years?
Assuming interest is compounded annually, 1000*(1.08)5
