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how much interest will you get at the end of the year if the interest is 2.05 pa?
Wiki User
∙ 11y ago
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoAssuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
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Marl borrowed 200 at 12 percent simple interest for on year If he makes no payments that year. How much interest will he own at the end of the year?
24.00
If you save 3000 at an interest rate of 14 percent per year how much will you have at the end of six years?
If the interest is compounded then you would have 6584.91
What is the interest on a 1750000 deposit at 9.5 percent rate a year?
It depends whether the interest is compound or not. However, if the interest is credited at the end of the first year, you would have 166250 interest at 9.5%
If you deposited 900 in a saving account that earns 4 interest every year how much money is in that account after 2 years?
At the end of the first year you would have: $900 + (900 * .04) = $936 At the end of the second year you would have: $936 + (936 * .04) = $973.44
How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?
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 .
What is the interest on 100 at the end of the year?
what is the interest on $100 at the end of the year
Marl borrowed 200 at 12 percent simple interest for on year If he makes no payments that year. How much interest will he own at the end of the year?
24.00
How much is 10 percent interest?
10% interest means that for every dollar, you pay back $1.10. Interest is usually given as an annual rate, so you would owe that much at the end of one year. So if you borrow $100, at the end of a year you will owe $110.
Juan bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?
Juan Juan bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?
If you save 3000 at an interest rate of 14 percent per year how much will you have at the end of six years?
If the interest is compounded then you would have 6584.91
What does compounded annually mean?
At the end of the year the interest is deposited in the account. The next year the interest is figured on the principal plus last year's interest.
How much interest will 900 earn in one year at 4.75 percent?
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.
How much interest will you pay if you borrow 2000 and you have to pay it back in two and a half years at 10 percent?
If the rate is simply 10 percent, then you will have to pay 10% of 2000, which is 200. If the rate is 10% per year and you have to pay that interest at the end of each year, you will pay 200 at the end of the first year, another 200 at the end of the second year, and 100 when you repay the loan six months later. A total of 500. But if the interest at the end of each year is not paid at that time it gets added to the loan and you now have to pay interest on the interest as well as on the original loan. So at the end of the first year you will owe 2200, at the end of the second year you will owe 2420, and six months later you will owe 2541, of which 541 would be interest. Calculations: End of first year = 2000 + 10% (200) = 2200 End of second year = 2200 + 10% (220) = 2420 The interest for the third year would be 2420 x 10% = 242 but as it is only for half a year it will be half of 242 = 121. Summary of interest calculations: 200 + 220 + 121= 541
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
How much money will you have at the end of one year if interest is compounded semiannually at 10 percent on a 600 deposit?
It will be 726.
Andrea deposited 300 in a savings account that pays 3 percent simple annual interest How much interest will Andrea earn at the end of 3 years?
With SIMPLE ANNUAL interest, the interest is only applied once at the end of each year. So: At the end of the first year she earns $3 in interest. Her balance is $303. At the end of the second year, she earns $3.03 in interest. Her balance is $306.03. At the end of her third year she earns $3.06 in interest. Her balance in now $309.09. She earned a total of $9.09. She can now buy the unicorn she has had her eye on, because she is living in a fantasy world (since there is no such thing as a savings account with 3% interest in todays economy. She'd be lucky to find one providing over 1%.)
How much will 150000 earn in 10 years at 10 percent?
If it is simple interest and interest calculated at the end of each year then 150000x10x0.1 = 150000 If it is compound interest and interest calculated at the end of each year then [150000[(1+0.1)]raised to 10] - 150000 which is [150000x(1.1)raised to 10] - 150000 which is 150000x2.59374246 - 150000 which is 389061.37 - 150000 = 239061.37
