Interest rate
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship).
Correct answer:
Tips for related online calculators
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
algebrabasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
Related math problems and questions:
- Beginning 31671
At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to re - Borrowed
Mr. Douda borrowed 200,000 SK from the bank at an annual interest rate of 15.4%. He will repay the loan after four years. How many korunas will he have to repay? - Installment 38011
We borrowed CZK 150,000 at a monthly interest rate of 2%. Interest is added at the end of each month, and we immediately pay an installment of CZK 30,000. How much will we owe in five months? - Interest 6043
Mr. Vysoky took out a mortgage on the house. He borrowed a total of 2 million for ten years. The interest rate was 2.3%. How much will Mr. Vysoky pay in total if the interest rate does not change? - Compound interest 4
Peter placed 3600 dollars in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent? - Compound interest
Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after three years? - Interest 8369
Mr. Novák borrowed € 3,500 from the bank with an annual interest rate of 14%. He repaid the loan after a year. How much did he pay to the bank?
