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Q: How much interest would you receive for 2000 at 1 percent interest rate for 1 year?

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If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.

It is 240 currency units.

How much interest will 2000 earn at 6 percent over four years compounded yearly?

9% means 9/100 = 0.09 0.09 * $2000.00 = $180.00 in simple interest for one year =============================

about how many years would it take for $1000 to become $2000 with an interest rate of 7.2

Related questions

If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.

2000

Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.

12 years I think

8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.

It is 240 currency units.

20.05

40

1000 today since I am not sure I will be alive in 10 years to collect the 2000.

60 percent of 2000 dollars would be 1200 dollars. 2000*.60= 1200

How much interest will 2000 earn at 6 percent over four years compounded yearly?

320

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