Q: Susan deposits 5000 in a bank at simple 6 percent interest annually after one year how much money does she have?

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The interest paid annually is 700*5/100 = 35

29.86

It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %

Simple interest compounded annually and reinvested will yield 619173.64 before taxes.

7000*0.03*6 = 1260

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The interest paid annually is 700*5/100 = 35

With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.

29.86

It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %

Simple interest compounded annually and reinvested will yield 619173.64 before taxes.

7000*0.03*6 = 1260

If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).

The simple interest, I, on a deposit of C, at an interest rate of r% per year, deposited for y years, is calculated as I = C*(r/100)*y

Simple interest would be 1040

Simple interest would be 360

Simple interest: 144Compound interest: 152.64

$494.34 Interest= principal amount * time* simple interest %