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Calculate the simple interest on the amount of 550.00 at 7 percent for 1 year?
Wiki User
∙ 9y ago
The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
Wiki User
∙ 9y ago
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Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
Simple interest on the amount of 550.00 at 7 percent for 1 year?
It is 38.5 units.
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?
1,773.60
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
which of the following is not to calculate simple interest?
Another answer from Apex is... compounding frequency
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
Simple interest on the amount of 550.00 at 7 percent for 1 year?
It is 38.5 units.
How is simple interest simalar to percent?
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
How do I Calculate interest on 100000?
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
