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.
6 ÷ 100 × 20000 = 1200
189.89
ANSWER: 380019% of 20000= 19% * 20000= 0.19 * 20000= 3800
3.75% of 20000 = 20000*3.75/100 = 750
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
$5,249.54
It is approx 77393.69 units of currency.
Total value = 20000*(1.06)2 = 22472 So interest = 2472
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.
0.05% of 20000 = 10
6 ÷ 100 × 20000 = 1200
5 percent
400000
189.89
18 percent of 20000 is 3600.
Oh, dude, you're hitting me with some math now? Alright, so if you have $20,000 and the interest rate is 3 percent, you'd earn $600 in interest. But hey, who's counting, right? Just throw that number in the bank and watch it grow... slowly.