0
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
Wiki User
∙ 12y ago
6 yrs @ 10% = 60% = 3000
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Simple interest of 5000 at 5 percent?
250 pa
How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
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
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
Simple interest of 5000 at 5 percent?
250 pa
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
How much simple interest do you earn if 5000 is invested for 10 years at 6 percent?
5000 x 0.06 = 300 300 x 10 = 3000
What is the payback on 5000 with 10 percent interest for 3 years?
It is 6655.
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 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
How many years will it take 50 to reach 5000 at a rate of 5 percent?
If you are talking money and interest, then if the interest is simple interest then 5000 = 50 x N x 0.05, hence N = 5000/25 = 200 years If the interest is compounded then 50x(1.05)^N = 5000 Hence (1,05)^N = 100 N x log(1.05) = log(100) ...........(log is to base 10) N = 100/log(1.05) N = 2/0.02118 N = 94.42 years approximately
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
5000 at 5 percent compound interest 3 years?
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
