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Earn +20 ptsQ: What is the interest on 600 at 12 percent for 2 years?
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What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What is 12 percent of 5000?
12% of 5000= 12% * 5000= 0.12 * 5000= 600
What is 2 percent of 600?
Oh, dude, like, 2 percent of 600? That's just like moving the decimal two spots to the left, so it's 12. But, like, who even needs to know that? Just use a calculator or ask Siri, man.
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
You invest a single amount of 10000 for 5 years at 10 percent at the end of 5 years you take the proceeds and invest them for 12 years at 15 percent How much will you have after 17 years?
Compound interest, no tax, annual interest rates? If so - Sum after the first 5 years - (1000 x (1.15)) Sum after the next 12 years - (proceeds from the 5 year investment x (1.1512))
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