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How much interest is earned in 2 years on an investment of $2000 The interest rate is 3.?
To calculate the interest earned on an investment of $2000 at an interest rate of 3% over 2 years, you can use the formula for simple interest: Interest = Principal x Rate x Time. In this case, it would be $2000 x 0.03 x 2 = $120. Therefore, the total interest earned in 2 years is $120.
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
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.
What will be the rate of interest if Rs. 2000 amounts to Rs. 2226.05 in 2 years at compound interest?
To find the rate of interest, we can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount, ( P ) is the principal, ( r ) is the rate, and ( n ) is the number of years. Here, ( A = 2226.05 ), ( P = 2000 ), and ( n = 2 ). Rearranging the formula to solve for ( r ), we have ( r = (A/P)^{1/n} - 1 ). Substituting the values, ( r = (2226.05/2000)^{1/2} - 1 ), which results in approximately 0.0575 or 5.75% per annum.
How come you owe 2000 on a speeding ticket from 12 years ago?
Penalties for non-payment & court imposed interest.
