answersLogoWhite

0


Best Answer

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

If it is compounded then it is different.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much would 2000 become in 10 years at 5 percent interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many years would it take for 1000 to become 2000 with an interest rate of 7.2?

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


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.


Invest 10000 at 5 percent annual interest how much would you have in 3 years?

You will have $11576.25


Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?

177.50


How many years would it take to double 100 if it earned 7.75 percent interest per year?

10 years


Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?

67.57


How much is 5 years auto loan at 0.9 percent interest?

That would depend on the original principal (the amount you borrowed) and how they compute interest.


How many years in investing would it take to double your principle?

If the interest rate was eight percent, it would take about 9 years to double your principle.


What is 6 years at 30 percent?

After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.


If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?

The total interest would be 73606.07 dollars, approx.


How much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?

He would make 250*(5.4/100)*5 = 67.57


What would be the interest on 231700 at 3 percent per annum for 5 years and 7 months?

It is 41575.40