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simple interest = principle (money) times the rate times the time

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Q: How do you calculate simple interest earned?
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How much interest is earned on the account?

A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?


What makes the simple interest simple?

It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.


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%.


How do you calculate times interest earned if there was no interest expense?

Well that is easy there is none and there is no way you can do that


Are Simple interest calculated as a percentage of the bank balance and interest earned?

This answer is False!!


How is simple interest earned?

Thats what im wondering


Would the statement 'Simple Interest is interest earned on interest' be True or False?

False. Interest upon interest is compounded interest


How is interest different from compound interest?

Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.


If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?

I


Does the amount of interest earned each year increase decrease or stay the same in a simple interest account What about in a compound interest account?

Simple interest: stays the same. Compound interest: increases.


Does the amount of interest earned each year increase decrease or stay the same in a simple interest account. What about in a compound interest account?

Simple interest: stays the same. Compound interest: increases.


What is the interest earned on 600000?

Not enough information. The interest earned depends on the capital (which is the only datum provided), on the interest rate, on the time (for example, how long you leave interest in your bank), and on whether simple or compound interest was agreed.