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If the simple interest on 6000 for 6 years is 2160 then what is the interest rate?
Wiki User
∙ 5y ago
It is 6%, as 360 is earned each year.
Wiki User
∙ 5y ago
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After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
How many kiligrams in 6000 grams?
None, since there is no such thing as a kiligram.1000 grams = 1 kilogram and so 6000 grams = 6000/1000 = 6 kilograms. Simple!
A company will pay a lump sum of 44650 at the ned of 5 years to investors who deposit 6000 for 5 years .what is the interest rate implicit in this offer?
That is pretty close to a 49.5% return per year. This is based on a one time sum of 6000 dollars. It is more likely they mean $6000 a year for five years, ($30,000) after which they will pay out $44,650 at the end of the fifth year. That works out to about 12.5% a year. If this is the case, it is a very decent return. Be careful about the investment. There is usually no guarantee on this kind of offer. Consult a professional investment counselor before investing.
How much will 6000 for 6 years at 8 and a half percent compounded daily will grow?
Continuous interest formula, A = Pe^(rt)....where A is the accumulated amount, P is the initial investment, r is the interest rate expressed as a decimal, and t is the time - usually in years. Then, A = 6000e^(0.085 x 6) = 6000e^0.51 = 9991.75 So the growth amount is, 9991.75 - 6000.00 = 3991.75
Benjamin has 6000 invested in two accounts One earns 8 percent interest per year and the other pays 7.5 percent interest per year If his total interest for the year is 472.50 how much is invested at 8?
$4,500
After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
Calculate the simple interest on a loan with a principal of 6000 an interest rate of 7.39 percent and a term of four years?
60 x .0739 x 4 Multiply those together and tada
Calculate the simple interest on a loan with a principal of 6000 an iterest of 7.39 percent and a term of four years?
60 x 7.39 x 4 ie 1773.60
The simple interest on an investment of $40000 for 3 years amounted to $6000. What rate of interest was paid?
Interest paid = PTI / 100 Substituting 6000 = 40000 x 3 x I / 100 Algebraically rearrange I = 6000 x 100 / ( 40000 x 3) Cancel down by '1000' I = (6 x 100) / (40 x 3) Cancel down by '3' I = ( 2 x 100) / 40 x 1) Cancel down by '10' I = (2 x 10) / ( 4) Cancel down by '2' I = (1 x 10 / 2) => I = 10 /2 I = 5 % ( The rate percent at Simple Interest).
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 do you find the simple interest rate?
Rate= Interest/Principle x Time. For Example.... Camilla borrowed $2000,(That's the principle),the interest is $4,000 her year was 3, and it was 4% each year,(.04) Explanation.... $2000 x 3 = $6000...$4000 divided by $6000 = .7 (If you round it). The rate= .7
How do you find the rate in simple interest?
Rate= Interest/Principle x Time. For Example.... Camilla borrowed $2000,(That's the principle),the interest is $4,000 her year was 3, and it was 4% each year,(.04) Explanation.... $2000 x 3 = $6000...$4000 divided by $6000 = .7 (If you round it). The rate= .7
How much would need to be invested at 5 percent interest compounded annually for 8 years to accumulate 6000?
$4,061.04
Olivers grandfather invested 150 at 5 percent interest compounded quarterly When Oliver inherited it the amount was 6000 For how many years had the 150 been invested?
74 or 75 years
How many months will it take for a loan of 6000 to earn 360 using a rate of 8 percent pa?
Using simple interest, 6000 will earn 6000 x 0.08 = 480 in 12 months, that is 40 per month. So to make 360, it will take 360/40 = 36/4 = 18/2 = 9 months
How many liters does 6000 milliliters make?
1000 millilitres = 1 litre so 6000 ml = 6000/1000 = 6 litres. Simple!
How many years are in 6 millenniums?
There are 6000 years
