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If you save 3000 at an interest rate of 14 percent per year how much will you have at the end of six years?
Wiki User
∙ 6y ago
If the interest is compounded then you would have 6584.91
Wiki User
∙ 6y ago
Wiki User
∙ 6y ago6584.92
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How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
How much interest will 2000 earn at 5 percent over four years compounded yearly?
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
What is the simple interest paid on 3000 pounds at 3.5 percent yearly after 5 years and how much if the interest was compounded showing work for both answers?
Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny
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
How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
Sara's grandmother gave her 3000.00 to save for college She put it in a savings account that earns 6 percent per year The money was in the account for 8 years How much simple interest did she earn?
Amount Deposited: $3000 Rate of Interest: 6% No. of Years: 8 Formula for Simple Interest = 3000 * 6 * 8 / 100 The simple interest she will earn in 8 years is $1440
How much interest can 100000 make you at 3 percent?
Express 3 percent as a decimal (0.03) and multiply by the original number =100000*0.03 =3000
Leila deposits 3000 into an account that pays simple interest at a rate of 6 percent per year How much interest will she be paid in the first 6 years?
3,000.00 x 6% = +180.00 / year for 6 years will get 6 x 180 = 1080.00 . Sami N.
How much money will you accumulate in an account after 5 year if you earn 3.25 percent interest and initially invest 3000?
3000*(1+3.25/100)5 = 3520.23 (rounded).
If 3000 is invested at 7 percent for 6 months how much simple interest is earned?
7% of 3,000 for 6 month
How much have the interest rates on mortgages changed in the last five years?
Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
How much is 15 percent of 3000?
15% of 3000 = 450
