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How do you calculate effective interest rate of a simple interest of ten per cent for three years?
Wiki User
∙ 11y ago
2(3)(10)/4 = 15%
Wiki User
∙ 11y ago
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Pseudocode and flowchart for simple interest calculation?
begin enter Principal amount(Input) enter interest rate(Input) calculate simple interest(Computation/Processing) Display/Show/Print Give sound Simple Interest(output) end By Tomas Naxweka(Namibia)
When an investment of 3500 earns simple interest at a rate of 2.3 per quarter for 3 years. Calculate the accumulated value at the end of the three year period.?
$3749.29
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 72 percent for three years?
842.40
How do you calculate sum of digit of a given three digit number in visual basic?
simple program
How much will you pay in interest if you take out a simple interest loan with a principal of 3900 at 7.2 percent for three years?
3900*.072*3=842.40
Calculate the future value of 150 if invested for three years at a 9 percent interest rate?
Value = 150*(1.09)3 = 150*1.295 = 194.25
What is three percent a year on one hundred and ten thousand?
3% is the same as 0.03 and 0.03*110,000 = 3,300 in one year If it is simple interest, it will be 3300 every year. If it is compound interest, the 2nd years interest will be based on starting amount with first years interest added to it, and so on
Mathematically how do you find interest?
To calculate interest, you must first know the principle amount, the time of the term of the loan or investment, and the rate or percentage at which the principle amount grows. Once you have all three components, you then multiple the principle by the rate and then by the time.
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.
What are three primary barriers to effective listening?
Three primary barriers to effective listening are distractions (both internal and external), lack of interest in the topic or speaker, and preconceived notions or biases. These barriers can prevent individuals from fully engaging in the listening process and understanding the message being communicated.
If someone weighs 115 pounds what is there bmr?
Weight is one of three measurements you need to calculate it. You still need height and age. Here's an article that explains how to calculate it:http://www.ehow.com/how_5401507_lose-off-using-simple-math.html
How do you calculate 5 percent interest per year compounded annually for 500 three years from today?
A 5% increase means that your capital increases by a factor of 1.05 each year. After three years, your capital will increase by a factor of 1.05 x 1.05 x 1.05, or 1.053. Calculate this and multiply it by the initial capital.
