I = (P x T x R) / 100. This is simple interest.
Not per cent paid per month times 12, because balance changes each time you make a payment. You need what is called an"ammortization" schedule" or a brain much better than mine!
3 x 280...
Depends on in what country!
The interest earned is 59153.62
At 2% compound interest, it will be 134,586.83 dollars - at today's prices. What inflation will do its real value is anyone's guess.
2(3)(10)/4 = 15%
The interest rate in 1975 was between 7.0 per cent and 10.0 per cent. The highest interest rate was from January and February of that year.
68200*0.09*3=18414 note: have to move the rate to places over
300 mm
the interest rate would be 4.68% for the 95 day period
The cent is needed due to the tax calculations. If they stop using the cent there will have to be a different way to calculate taxes.
Not per cent paid per month times 12, because balance changes each time you make a payment. You need what is called an"ammortization" schedule" or a brain much better than mine!
.035 x 20,000 = 700
3 x 280...
Depends on in what country!
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
(5.1 x 4.25)/4 = 5.42