It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69
You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
Principal amount 5,000 Interest rate 9 percent per year = 0.09 Continuous compounding Number of years 7 Future value = P e^rt Future value = (5000) e^(0.09)(7) Amount after 7 years = $9,388.05
The formula to calculate the present amount including compound interest is A = P(1 + r/n)nt where P is the principal amount, r is the annual rate expressed as a decimal , t is the number of years, and n is number of times per year that interest is compounded. In the question, P = 5000, r = 0.07, t = 4, and n = 1 A = 5000(1 + 0.07)4 = 5000 x 1.074 = 5000 x 1.310796 = 6553.98
1200
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13
5000 x (1.03)10 = $6719.58
5000 x (1.06)5 = 5000 x 1.338 = 6691.13
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
4500233.00
You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.
Principal amount 5,000 Interest rate 9 percent per year = 0.09 Continuous compounding Number of years 7 Future value = P e^rt Future value = (5000) e^(0.09)(7) Amount after 7 years = $9,388.05
The formula to calculate the present amount including compound interest is A = P(1 + r/n)nt where P is the principal amount, r is the annual rate expressed as a decimal , t is the number of years, and n is number of times per year that interest is compounded. In the question, P = 5000, r = 0.07, t = 4, and n = 1 A = 5000(1 + 0.07)4 = 5000 x 1.074 = 5000 x 1.310796 = 6553.98
If you are talking money and interest, then if the interest is simple interest then 5000 = 50 x N x 0.05, hence N = 5000/25 = 200 years If the interest is compounded then 50x(1.05)^N = 5000 Hence (1,05)^N = 100 N x log(1.05) = log(100) ...........(log is to base 10) N = 100/log(1.05) N = 2/0.02118 N = 94.42 years approximately
1200