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Find the simple interest earned after 5 years on an investment of 2000 at 3.2 percent?
320
You borrow 2000 from a friend and promise to pay back 3000 in two years. What simple interest rate will you pay?
8
You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
Average savings interest rate 2000-2010?
The average savings account interest rate in India has been around 3-3.5% in the duration of the years mentioned in your question. Note: This % rate varies from country to country
How much interest will you pay if you borrow 2000 and you have to pay it back in two and a half years at 10 percent?
If the rate is simply 10 percent, then you will have to pay 10% of 2000, which is 200. If the rate is 10% per year and you have to pay that interest at the end of each year, you will pay 200 at the end of the first year, another 200 at the end of the second year, and 100 when you repay the loan six months later. A total of 500. But if the interest at the end of each year is not paid at that time it gets added to the loan and you now have to pay interest on the interest as well as on the original loan. So at the end of the first year you will owe 2200, at the end of the second year you will owe 2420, and six months later you will owe 2541, of which 541 would be interest. Calculations: End of first year = 2000 + 10% (200) = 2200 End of second year = 2200 + 10% (220) = 2420 The interest for the third year would be 2420 x 10% = 242 but as it is only for half a year it will be half of 242 = 121. Summary of interest calculations: 200 + 220 + 121= 541
Is the simple interest on 2000 for 2 years is 320 then what is the interest rate?
To calculate the interest rate, we can use the formula for simple interest: I = P * r * t, where I is the interest, P is the principal amount (2000 in this case), r is the interest rate, and t is the time in years (2 years). Given that the interest is $320, we can plug in the values to solve for r: 320 = 2000 * r * 2. Solving for r, we get r = 320 / (2000 * 2) = 0.08, or 8%. Therefore, the interest rate is 8%.
How many years would it take for 1000 to become 2000 with an interest rate of 7.2?
about how many years would it take for $1000 to become $2000 with an interest rate of 7.2
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
How much interest will 2000 earn at 5 percent over four years compounded yearly?
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
If the simple interest on 2000 for 3 years is 540 then what is the interest rate?
The interest rate would end up being 9% after you do all the calculations.
Find the simple interest earned after 5 years on an investment of 2000 at 3.2 percent?
320
How much interest would you gain from 2000 dollars at 6 percent for five years?
Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
How much interest if you borrow 2000 at a rate of 6 percent for 2 years?
if its simple interest: I = prt = 240 the total money to be returned is 2240
Kevin wants to know how much money he will have in his account if he earns 5 interest compounded yearly for four years on a deposit of 2000.00.?
To calculate the amount in Kevin's account after four years with a 5% interest rate compounded yearly, we can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount, ( P ) is the principal amount ($2000), ( r ) is the annual interest rate (0.05), and ( n ) is the number of years (4). Plugging in the values, we get ( A = 2000(1 + 0.05)^4 ), which simplifies to ( A = 2000(1.215506) ), resulting in approximately $2431.01. Therefore, Kevin will have about $2431.01 in his account after four years.
How come you owe 2000 on a speeding ticket from 12 years ago?
Penalties for non-payment & court imposed interest.
You borrow 2000 from a friend and promise to pay back 3000 in two years. What simple interest rate will you pay?
8
