0
It depends how the interest is calculated. If it's simpleinterest, the initial 18,000 would increase by 900 per year - doubling the original sum to 27,000. If it's compoundinterest, the interest each year is applied to the wholeamount, including the interest earned the previous year. Therefore - the value at the end of each year would be...
1 - 18900.00
2 - 19845.00
3 - 20837.25
4 - 21879.11
5 - 22973.07
6 - 24121.72
7 - 25317.81
8 - 26594.20
9 - 27923.91
10 - 29320.10
Add your answer:
Earn +20 pts
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
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
What is the interest on 600 at 12 percent for 2 years?
Simple interest: 144Compound interest: 152.64
Last years salary was 18000 if you receives a 900 raise for this year what percent of last years salary is her raise?
900/18000 = .05 --- thus her raise is 5%
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
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
How many years would it take to double 100 if it earned 7.75 percent interest per year?
10 years
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
How many years in investing would it take to double your principle?
If the interest rate was eight percent, it would take about 9 years to double your principle.
What is 6 years at 30 percent?
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?
The total interest would be 73606.07 dollars, approx.
How much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
He would make 250*(5.4/100)*5 = 67.57
