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The interest paid on a $30,000 loan at a 5% annual interest rate depends on the loan term. For example, if the loan is for one year, the interest would be $1,500 ($30,000 x 0.05). For a 5-year term with simple interest, the total interest would be $7,500 ($1,500 per year). If compounded, the total interest would vary based on the compounding frequency.
What else can I help you with?
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
What would the daily interest be on 36 million pounds when the banks interest rate is 3.15 percent AER?
310,685
How much interest would 700.00 have gotten if in bank since may 2002?
The interest on 700.00 since 2002 would really depend on what the percentage of the bank is. If interest was 10 percent you would have $2196.90.
How much interest would you earn per year on one million dollars with a 4 percent interest rate?
5 million
How much would 30 percent of 30000 be?
To calculate 30 percent of 30,000, you would first convert 30 percent to a decimal by dividing by 100, which gives you 0.30. Then, you would multiply 0.30 by 30,000 to find the answer. Therefore, 30 percent of 30,000 is 9,000.
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
How much interest would you earn of a 30000 investment?
Depends on how you invested it and what rate of return that investment delivered.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
What is 30000 after tax?
You would have 30000 after the tax amount.
How much interest would you get on 5 million euros?
interest on that amount depends on what account you put it into like a fixed term account or similar, i say you would get anywhere from 25000 to 30000 euro per annum
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
How does compound interest work?
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
How much interest would you receive for 2000.00 at .5 percent interest for 1 year?
2010.00
How much interest would I earn in one year on 100000 with a 1.75 percent interest rate?
You would earn 1750.
