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How do you find total amount if principle rater of interest months and interest is given?
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When in a given year what is the exact amount of quarterly?
Every three months.
How do you solve compound interest question with example?
Compound Interest is the interest which gets compounded in Specified time periods.. The formula for solving Compound Interest problems is as follows: A=P(1+R/100)n Where, A= Amount after Including Compound Interest P= Principle R= Rate % n= Time Period For Calculating Compound Interest: CI=A-P Where, CI= COmpound Interest A= Amount P= Principle For Eg: If Rs 1000 is lend @ 10% Compounded Anually for 2 years, then calculation will be done as follows: A= 1000 (1+10/100)2 = 1000 (1.1)2 = Rs 1210 & Compound Interest will be A-P i.e. Rs 1210-1000= Rs 210. Also, Whenever Compounded Half Yearly or Compounded Quarterly is given, the rate will be divided by 2 & 4 respectively & time period will be multiplied by 2 & 4 respectively. For Eg: if in the above eg, Compounded Half yearly is given, then take R= 5%, n = 4 years (4 half years in 2 years) & if Compounded Quarterly is given, then, take R= 2.5%, n= 8 (8 quarters in 2 years)
How do you calculate principal and interest when amountrate of interest and time period is given?
The amount, P, is the principal. If the rate is r% compounded annually for y years, then the total interest earned is P*[(1 + r/100)^y - 1]
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
The concepts of simple interest?
Simple interest is interest that is applied to the original amount for the whole period of the investment or loan. This is unlike compound interest where the interest received on an investment is re-invested, or the interest due on a loan is added to the loan outstanding if unpaid, and so itself gains interest. With simple interest on loans, it is often calculated that borrowing a certain amount for a number of years will be charged at a certain rate for the whole period; then at the end of the period of borrowing the original loan and all the interest are repaid at that moment. However, if monthly repayments are made, then part of the original loan as well as the interest for the month are repaid; this means that not all the loan is borrowed for the whole period and so the real [effective] rate of interest for the period is actually higher than the given rate as that given rate assumes no part of the loan is repaid until the very end.
How do you calculate investment amount that compounds quarterly?
The quarterly compound interest of a principle can be given by A=P(1+(r/n))^.25t. Here P is the principle, A is the amount and t is the time taken.
How do you do interest of a number?
To do interest of a number, you have to use the formula prt=i, or principle times rate time equals interest. The principle is the dollar amount. Like for example, I'm going to say I'm borrowing $10,500 from the bank. The rate is the percent. For example, I'm going to borrow that $10,500 at a rate of 16%. The time is the amount of years you will be borrowing this money. (Or if it gives it to you in months, put the number of months over 12, or if it gives you weeks, put that number over 52, etc..) So, I'm going to say I'm borrowing $10,500 at a rate of 16% for 3 years. In the example I've given, you would just multiply 10,500 times 16% (or .16) times 3. After you multiply the three numbers, you get $5,040. That's the interest, but then when you pay the bank back, you will have to pay them $15,540. (The original amount you borrowed plus the interest.)
How do you find the rate when principle amount and time is given?
i assume you are referring to an amortization schedule.
What is a set percentage of the deposit amount that will be given to the depositor?
interest rate
When in a given year what is the exact amount of quarterly?
Every three months.
How do you calculate Interest rate if loan amount and monthly payments and loan amount is given?
17k 300 per month
What is the formula for hire purchase?
Hire purchase is calculated using the simple interest formula, and interest is only calculated on the amount owing. A = S ( 1 + i.n) Where: A = Total amount after interest S = Starting amount after deposit has been subtracted (no interest) i = Interest rate (divide the % by 100, and then again by 12, 4, or 6 depending on the number of times interest will be calculated) n = number of time periods that the purchase agreement states to pay over (24 months, etc) Substituting the given values into the formula will give you the total amount to be paid after interest has been accrued. To calculate the repayments, you divide the answer derived as A (total amount) by the number of repayments (n) you have to make. It is a really simple process, and it will only ever use the simple interest formula. Hope this was helpful ^^
Do quick loans have high interest rates?
The interest rates depend on the the amount of the loans and the amount of time you are given to repay the loan. There are some jurisdictions that limit the annual percentage rate, it all depends on where you get the loan from.
What is the efficiency principle?
This is an absolute principle, which can be applied universally and unconditionally. Efficiency principle: On a (nature) given amount of energy dissipation (by the thermodynamic supporting system) Q (this system naturally tend to) achieve the highest level and largest amount of (effective) information evolution X. This is the fundamental efficiency. All other efficiency derives from this efficiency.
How do you find the original investment when given the time and interest?
Not enough information. You also need to know: * The final amount of money * Whether simple or compound interest is known
How do you solve compound interest question with example?
Compound Interest is the interest which gets compounded in Specified time periods.. The formula for solving Compound Interest problems is as follows: A=P(1+R/100)n Where, A= Amount after Including Compound Interest P= Principle R= Rate % n= Time Period For Calculating Compound Interest: CI=A-P Where, CI= COmpound Interest A= Amount P= Principle For Eg: If Rs 1000 is lend @ 10% Compounded Anually for 2 years, then calculation will be done as follows: A= 1000 (1+10/100)2 = 1000 (1.1)2 = Rs 1210 & Compound Interest will be A-P i.e. Rs 1210-1000= Rs 210. Also, Whenever Compounded Half Yearly or Compounded Quarterly is given, the rate will be divided by 2 & 4 respectively & time period will be multiplied by 2 & 4 respectively. For Eg: if in the above eg, Compounded Half yearly is given, then take R= 5%, n = 4 years (4 half years in 2 years) & if Compounded Quarterly is given, then, take R= 2.5%, n= 8 (8 quarters in 2 years)
What is the definition of the term interest rate derivatives?
A derivative has as a security the ability to pay or receive an amount at a given interest rate. Interest rate derivatives are the most popular and include rate swaps and forex swaps.
