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What cost per month for 5000 at 2.9 percent interest for 2 years?
Wiki User
∙ 11y ago
$214.68
Wiki User
∙ 11y ago
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What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
Simple interest of 5000 at 5 percent?
250 pa
What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
How much will you have in 10 years if you deposit 5000 today and earn 8 percent annual interest?
10795
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
How do you calculate saving interest?
The savings interest is calculated as simple interest. (P*n*r)/100 where P is the principal, n is the number of years and r is the rate of interest. The principal considered for this is the minimum balance maintained in the account between the 10th and 30th of that calendar month. Let us say on the 4th you had Rs. 5000 and on 10th you had Rs. 7000, on 18th Rs. 6500 and on 27th Rs. 5000, the amount considered for interest for that month is Rs. 5000/- Interest for that month = 5000 * (1/12) * 3.5 / 100 = Rs. 14.58/-
What is 5 percent interest on 5000 dollars?
250.00.
What would be the simple interest if the compound interest on the same sum for 2 years at 4 percent be Rs 408?
Interest = Rs 408 so capital = 5000. So the simple interest would be 5000*4/100*2 = Rs 400.
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
Simple interest of 5000 at 5 percent?
250 pa
What is the journal entry of interest on capital of Rs 50000 10 percent?
[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000
