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Earn +20 ptsQ: What would 5 percent interest be on 15000 for 10 years?
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What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
What would 5 per cent interest be on 15000 for 6 years?
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
How many years would it take for money to triple in value at 20 percent per year simple interest?
10 years. Compound interest would take 7 years.
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
Invest 10000 at 5 percent annual interest how much would you have in 3 years?
You will have $11576.25
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