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Depends on how often and when the interest will be paid.
typicalle once a year at the end of the year.
In that case 5000 * (1.05^3) = 5788.12
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∙ 14y ago
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What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
If the principal is 5000 the rate is 7 and the time is 4 years will the interest be 42.30?
No. $42.30 is less than one percent of 5000.
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
What would be the simple interest if the compound interest on the same sum for 2 years at 4 percent be Rs 408?
Interest = Rs 408 so capital = 5000. So the simple interest would be 5000*4/100*2 = Rs 400.
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
Calculate the amount of interest that is paid on a loan when the principal is 5.000 the interest rate is 7 percent and the time is 2 years?
50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07)2 - 5000 ie 724.50 Compound Interest
What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two year period?
$432
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two-year period?
It is 832 units of currency.
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
What is the total compound interest of a loan for 5000 with an annual rate of 8 percent at the end of a two-year period?
It is 5000*[(1+8/100)2 - 1] = 5000*[1.1664 - 1] = 5000*0.1664 = 832
