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Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
What is the future value of 1200 a year for 40 years at 8 percent interest?
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
Compound interest of 2 year is rs 156 and 3 year is rs 254 What is rate of interest?
Oh, dude, you're hitting me with the math questions now? Alright, let me break it down for you. So, if the compound interest for 2 years is Rs 156 and for 3 years is Rs 254, that means the interest for the third year is Rs 98 (254 - 156). To find the rate of interest, we need to calculate the interest for the first year, which would be half of the interest for 2 years (Rs 78). Then, we can divide this by the principal amount and multiply by 100 to get the rate of interest. Math can be fun, right?
What is the simple interest on a loan of 600 for 3 years at 6 percent interest?
6% is 600x6/100 =36 per year. 3 years is 3x36 =108
