To calculate 5 percent interest on $20,000 over 5 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be ( 20,000 \times 0.05 \times 5 = 5,000 ). Therefore, the total amount after 5 years would be $20,000 (principal) + $5,000 (interest) = $25,000. If compounded annually, the total amount would be higher due to interest on interest.
56.72
{| |- | $244,334 |}
5 years
That would depend on the original principal (the amount you borrowed) and how they compute interest.
5% of 150000 = 5% * 150000 = 0.05 * 150000 = 7500
To calculate 5 percent interest on $20,000 over 5 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be ( 20,000 \times 0.05 \times 5 = 5,000 ). Therefore, the total amount after 5 years would be $20,000 (principal) + $5,000 (interest) = $25,000. If compounded annually, the total amount would be higher due to interest on interest.
That depends on a lot of factors including interest rate, length of loan. For example, at 5% for 30 years your payment would be: $805.23 But at 15 years, it would $1,186.19.
The simple interest in this case is $145,000. It is calculated by multiplying the amount by the interest rate and the length of time.
150000 x 5 = 750000
56.72
{| |- | $244,334 |}
To calculate the total earnings in interest after 5 years, you can use the formula for compound interest: A = P(1 + r/n)^(nt), where A is the amount of money accumulated after n years, P is the principal amount ($200 in this case), r is the annual interest rate (6% or 0.06), n is the number of times that interest is compounded per year (assuming yearly compounding here), and t is the number of years the money is invested for (5 years). Plugging in the values, we get A = 200(1 + 0.06/1)^(1*5) = 200(1.06)^5. Calculating this gives you the total amount accumulated after 5 years. Subtracting the initial deposit of $200 per year for 5 years will give you the total earnings in interest.
Oh, dude, it's like super simple math. So, to calculate the principal amount P, you just divide the interest by the interest rate times the number of years. In this case, 40 divided by (10% times 5 years) gives you the principal amount P. That's like, what, 80 bucks? Math is fun, right?
The total amount is 45*(1.02)5 = 49.68 approx So the interest is 49.68 - 45 = 4.68 approx.
5 years
That would depend on the original principal (the amount you borrowed) and how they compute interest.