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How much money will a 5000 CD earn at an interest rate of 3 percent in eleven months?
5000 x 1.03 ^ (11/12) = your total interested earned
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
How much to invest at 4 percent to make 5000 a year?
To determine how much to invest at a 4% annual interest rate to generate $5,000 a year, you can use the formula: Investment = Annual Income / Interest Rate. Thus, the calculation would be $5,000 / 0.04, which equals $125,000. Therefore, you would need to invest $125,000 at a 4% interest rate to earn $5,000 annually.
Troy and his wife Angela put 5000.00 of their savings into a bank account earning 7.25 percent interest How much will Trey and Angela have in all after 3 years?
Amount Deposited = 5000 Rate of Interest = 7.25 Years = 3 Interest earned = 5000 * 7.25 * 3 / 100 = 1087.50 They will have 6087.50 at the end of 3 years (Under the assumption that no compounding was involved)
How much interest is paid in the first month of a loan of 5000 borrowed for 5 years at 12 percent per year interest?
To calculate the interest paid in the first month of a loan of $5,000 at an annual interest rate of 12%, you first determine the monthly interest rate by dividing the annual rate by 12, which gives 1% per month (12% / 12). Then, multiply the loan amount by the monthly interest rate: $5,000 x 0.01 = $50. Therefore, the interest paid in the first month is $50.
How much money will a 5000 CD earn at an interest rate of 3 percent in eleven months?
5000 x 1.03 ^ (11/12) = your total interested earned
What interest rate will cause 5000 to grow to 5618.00 in two years?
six percent
How much percent is 330 out of 5000?
% rate:= 330/5000 * 100%= 0.066 * 100%= 6.6%
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?
$432
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is the best interest rate offered by First Direct?
The best interest rate offered by First Direct is for Cash ISA. Cash ISA pays interest rate of 0.5 percent for balances from 1 to 5000 pounds and 3 percent for balances larger than 40000 pounds.
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
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.
If 5000 is invested at an annual interest rate of 9 percent compounded continuously. How much is available after 7 years?
Principal amount 5,000 Interest rate 9 percent per year = 0.09 Continuous compounding Number of years 7 Future value = P e^rt Future value = (5000) e^(0.09)(7) Amount after 7 years = $9,388.05
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
How much interest will be paid on 350 if the rate of interest is 18 percent?
63 dollars
