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Earn +20 ptsQ: What is 1.1 interest on 20000?
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How much interest will be earned if 20000 is deposited in a bank at 6 percent interest?
6 ÷ 100 × 20000 = 1200
What is 20000 in 30 years with 7 percent interest compounded semiannually?
It is 20000*(1.07)^60 = 1158928.54
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
What is 19 percent of 20000?
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800
What is the simple interest on a 2500.00 loan at 11 percent interest for 3 years?
Total simple interest = 2500*11/100*3 = 825
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