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How much simple interest will be due on a loan of 6000 at a 3.5 percent annual interest rate for one year?
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After 2 years Deion earned 270 in simple interest from a CD into which he initially deposited 6000. What is the annual interest rate of the CD?
2.25 percent apex
What would be the yearly earnings for a person with 6000 in savings at an annual interest rate at 5.5 percent?
$330.00
Calculate the simple interest on a loan with a principal of 6000 an interest rate of 7.39 percent and a term of four years?
60 x .0739 x 4 Multiply those together and tada
How much money would you need in your account to make 6000 in interest at a rate of percent 4 percent in a year?
You would need 6000/0.04 = 150,000.
Calculate the simple interest on a loan with a principal of 6000 an iterest of 7.39 percent and a term of four years?
60 x 7.39 x 4 ie 1773.60
If the simple interest on 6000 for 6 years is 2160 then what is the interest rate?
It is 6%, as 360 is earned each year.
What is will 6000 for 6 years at 8½ percent compounded daily grow to?
If the annual equivalent rate of interest is 8.5 percent then it makes no difference how frequently it is compounded. The amount will grow to 9788.81 On the other hand 8.5 percent interest daily is equivalent to 8.7 trillion percent annually! If my calculation is correct, after 6 years the amount will have grown to 2.85*10198 (NB 10200 = googol squared).
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 many months will it take for a loan of 6000 to earn 360 using a rate of 8 percent pa?
Using simple interest, 6000 will earn 6000 x 0.08 = 480 in 12 months, that is 40 per month. So to make 360, it will take 360/40 = 36/4 = 18/2 = 9 months
How much interest would 100000 dollars make in one year?
At six percent, you would make about $6000.
Calculate the sum to which 6000 will amount in 5years at 12 percent per annum compound interest?
5,132.33^10
The simple interest on an investment of $40000 for 3 years amounted to $6000. What rate of interest was paid?
Interest paid = PTI / 100 Substituting 6000 = 40000 x 3 x I / 100 Algebraically rearrange I = 6000 x 100 / ( 40000 x 3) Cancel down by '1000' I = (6 x 100) / (40 x 3) Cancel down by '3' I = ( 2 x 100) / 40 x 1) Cancel down by '10' I = (2 x 10) / ( 4) Cancel down by '2' I = (1 x 10 / 2) => I = 10 /2 I = 5 % ( The rate percent at Simple Interest).
