answersLogoWhite

0

Total = 10000(1+i)n

Total = 10000(1.2321)2

Total = 12321

Change = interest gained = 12321 - 10000 = 2321

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is 3 percent interest of 10000 over 1 year?

It is 300.


What is the total return of 6 percent interest per year on 10000?

600.00$


Jonathan invested a total of 10000 in two certificates of deposit One pays 5 percent interest and the other pays 6 percent interest His total interest at the end of one year is 560 How much is inves?

4000


Pierce currently has 10000 What was the value of his money five years ago if he has earned 5 percent interest each year?

simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26


The term rate in percent problems refers to the?

Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change


Jonathan invested a total of 10000 in 2 certificates of deposit 1 pays 5 percent interest and the other pays 6 percent interest his total interest at the end of 1 year is 560 how much is invested in t?

4000


Unstated Interest on ten year note at 4.7 percent?

The unstated interest on a ten-year note at 4.7 percent refers to the implied interest income over the duration of the note, which is typically calculated based on the principal amount. If the note is issued at par value, the interest income can be computed by multiplying the principal by the interest rate and the term of the note. For example, on a $1,000 note, the total interest over ten years would be $470. However, if the note is sold at a discount or premium, the actual cash flows may differ, affecting the effective yield.


What is the future value of 10000 for an interest rate of 16 percent and 1 annual period of compounding?

With only one year the value is 11600


What is 2.98 percent for 1 year on 10000?

2.98 % = 0.0298; 0.0298 X 10000 = 298.


What is the highest interest offered for a one year CD above 10000?

I am not sure what the highest interest rate offered would be. I am assuming it would not be more than fifteen percent because if it was, then it would be taking advantage.


The term rate in percent problems refers to?

Interest rate (also called the rate of return). For example: What is the interest rate on a 10,000$ principle investment that pays 500$ after one year? 10000 * r = 500 r = 500 / 10000 r = .05 = 5% Check: 10000$ @ 5%/1 yr = i 10000 * 5/100 = i 10000 * .05 = 500 ($ Interest at the end of 1 yr) 500 = 500 = true! ======== Response 1: what is the answer d. percent of change


The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?

(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest