6% of $100,000 yields $6,000/yr, or $500/mnth
8333
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
60,000
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
Interest = 2472
8333
The saver lost interest in the investment once the interest rate fell to 0.5 percent.
He pays $696.50 interest.
investment advice
$2400
You would get 4200 Dollars if you go by that.
1000 x (1.01)12 = $1126.83
2000
250.00.
162 dollars
Seven percent.
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.