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to use each term properly, the following equations will help you:
I-interest =P-principalx R-rate
P-principal=I-interestx R-rate
R-rate=I-interest XP-principal
Going back to the audience query about the interest of a Php 15,000.00 loan. payable within 12 months at 2% interest monthly, it can be coputed
as follows :
table:
Principal: Php 15,000.00
Rate: 2% monthly
2% x 12 months = 24%
Interest: ? n/a
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∙ 11y ago
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Solve simple investment problems using the simple interest rate method?
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
How do you draw an algorithm to find the simple interest?
The answer depends on what information you do have.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
How do you find simple interest rate?
P*r*t divided by 100
Where can I find a simple interest calculator online?
There are many simple interest calculators online that you can find. I found the one at http://easycalculation.com/simple-interest.php to be simple and accurate.
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
How do you find time in simple interest?
time(t)= interest/rate , princaple
Solve simple investment problems using the simple interest rate method?
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
How does simple interest work?
Multiply together the capital, the interest rate (as a fraction) and the number of periods to find out the interest.
How do you draw an algorithm to find the simple interest?
The answer depends on what information you do have.
Where could one find an online simple interest calculator?
If you are looking for an online simple interest calculator there are several sites that you can find this on. One site where you can is called Easy Calculation and will give you all the tools you need.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
How do you find simple interest rate?
P*r*t divided by 100
How do you do interest rate problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
