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5 What simple interest rate will Susan need to secure to make 2500 in interest on a 10000 principal over 5 years?
Wiki User
∙ 15y ago
since its not compounded this is a very simple problem.
r= interest rate
x= principle
y=years
Interest Accumulated = x*y*r
so, in your case:
2500 = 10000 * 5 * r
2500 = 50000r
divide both sides by 2500
and you get: r=.05 (or 5%)
Wiki User
∙ 15y ago
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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
What is future value of 10000 with 5 percent interest for 15 years?
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
What is the future value of 10000 dollars with 3 percent interest after 20 years?
I'll do it both ways since you do not specify whether it is simple of compound interest. FV = P + PRT 10000 = P + P(.03)(20) 10000 = P(1 + 0.60) 10000 = 1.6P 6250 = P Check 6250 * .03 * 20 = 3750 + 6250 = 10000 ◄ FV = P + P(1+R)T 10000 = P + P(1.03)20 10000 = P + P(1.80611) 10000 = 2.80611*P 3563.65 = P Check 3563.25 + 3563.25(1.03)20 3563.25 + 3563.25*1.80611 3563.25 + 6436.35 9999.70 (Rounding error) ◄
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
How many mg are in 10000 mcg?
1000 mcg = 1 mg so 10000 mcg = 10000/1000 = 10 mg. Simple!
What simple interest rate will Susan need to secure to make 2500 in interest on a 10000 principal over 5 years?
6%
How long will it take 100000 to earn 17000 interest at 10 percent simple interest rate?
Interest = Principal x rate x time 17000= 100000(0.10) t 17000=10000 t t=17000/10000 t=1.7 years
How do you calculate fixed interest?
Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000
How do you calculate fixed deposit interest?
Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000
How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days?
146.20
What does compound interest mean?
compounding of interest refers to the action wherein, the interest paid to us over a period of time would increase gradually.Ex: Lets say you invest Rs. 10000/- at 10% per annum which is compounded every quarter.So interest for first quarter: Rs. 250/-Principal at the end of first quarter: 10,250/-Interest for second quarter: Rs. 256.25/-Principal at the end of second quarter: 10,506.25/-the increase in interest in the second quarter is because, the interest paid during the first quarter is also considered for interest payment in the second quarter. So, even though the principal amount we invested remains the same the interest varies because of compounding of interest.The shorter the compounding period, greater is the interest earned.Simple interest is to charge interest on the principle amount.compound interest is the interest calculated on the simple interest!
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
What is the principal square root of 10000?
100
What is future value of 10000 with 5 percent interest for 15 years?
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
How do you get an output of principal of 20000 rate of 0.5 time of 1 interest of 10000 in java programming?
What exactly do you want to calculate? - To calculate the interest amount, you multiply the capital times (interest rate / 100) times the number of periods. In Java, multiplication is expressed by the asterisk.
How much less interest is earned at 6 percent simple interest for 5 years on a 10000 investment than a 6 percent rate compounded daily for 5 years?
3000
