6 ÷ 100 × 20000 = 1200
It is 20000*(1.07)^60 = 1158928.54
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.
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800
Total simple interest = 2500*11/100*3 = 825
6 ÷ 100 × 20000 = 1200
0.05% of 20000 = 10
It is 20000*(1.07)^60 = 1158928.54
Total value = 20000*(1.06)2 = 22472 So interest = 2472
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
.035 x 20,000 = 700
Deposit $8 million at 1% interest.
5 percent
$5,249.54
It is approx 77393.69 units of currency.
3E11 or 3 x 10^11
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