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Earn +20 ptsQ: What would 2 percent be on 15000 for 5 years?
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What is 2 percent of fifteen thousand?
2% of 15000 = 2% * 15000 = 0.02 * 15000 = 300
What is 30000 divided by 2?
15000
How much would 400 invested at 7 percent interest compounded continuously be worth after 2 years?
It will be worth 457.96
What is the of percent 2?
Well... actually this percent question is based on what the percent is out of . See if it was out of 100 it would simply be 2%. But out of something like 500 It would multiply to 10%.
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
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