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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
At a certain rate of compound interest rs 15320 becomes rs 30640 in 6 year what is the rate of interest?
12.248%
What is the rate of interest if a sum of money doubles itself in 10 years at simple interest?
A simple interest rate of 10 per cent per year will double a sum of money in ten years.
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 three percent a year on one hundred and ten thousand?
3% is the same as 0.03 and 0.03*110,000 = 3,300 in one year If it is simple interest, it will be 3300 every year. If it is compound interest, the 2nd years interest will be based on starting amount with first years interest added to it, and so on
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.
What is monthly repayment on 500000 loan at 10 percent interest per year for 20 years?
This depends on if the interest is compounding every year or not.
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?
If the simple interest on 6000 for 6 years is 2160 then what is the interest rate?
It is 6%, as 360 is earned each year.
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
If i was to deposit 100000- every year for 5 years I would have 1000000- by the end of 10 years. what interest do I get?
Assuming the same rate of interest is applied after the first five years, it is 8.95%.
How much does chartered accountant apprentice make?
they make 250,000 a year but if u work for 2 years it doubles to 500,000 it doubles evry year but stops at 4 years because u can make 1000000 a year max
