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How do you get from compound interest after two years back to the original amount?
Wiki User
∙ 11y ago
Suppose thye original amount is y and the rate of interest is r%.
Then the total value after two years is y*(1+r/100)2 = y*(1 + r/50 + r2/10000)
So the compound interest, alone, after 2 years is y*(r/50 + r2/10000)
So y = compound interest/(r/50 + r2/10000)
Wiki User
∙ 11y ago
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What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
In what time will 2700 yield the same interest at 4 per annum as 2250 in 4 years at 3 per annum?
In 2.54 years the compound interest will amount to 282.39 in both cases.
On what sum of money will compound interest for 2 years at 5 percent per year amount to Rs 164?
Rs 1600.
In how many years your amount will be double if rate of interest is 10 percent annually in compound interest?
Approximately 7 years. The general rule is to divide 70 by the interest rate to get an approximation of how long it will take to double. If the interest is compounded annual you will have $194.88 after 7 years, and $214.37 after 8 years. Though if interest is compounded more regularly (ie. monthly or daily) this will grow at a slightly faster rate.
Find the amount and the compound interest on RS 10000 at 8 per cent per annum and in 2 years?
10000 x (1.08)2 = 11664
What will be the monthly amount to be paid if i take a loan of KD 1 million at 3.5 interest rate for 5 years?
That depends - on whether the interest is compound - or just on the original loan.
What is the compound amount of 8 percent for 23 years?
Interest alone would be 4.871463646 times the amount of the principle.
After 6 years what is the total amount of a compound interest investment of 35000 at 4 percent interest compounded quarterly?
$44,440.71
What is the equation to find compound interest?
If the rate of annual interest is r% the period is n years and the amount invested is y Then the compound interest is y*(1+r/100)^n - y
Can you give me the continuous compound interest formula?
Compound Interest FormulaP = principal amount (the initial amount you borrow or deposit)r = annual rate of interest (as a decimal)t = number of years the amount is deposited or borrowed for.A = amount of money accumulated after n years, including interest.n = number of times the interest is compounded per yearExample:An amount of $1,500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. What is the balance after 6 years?Solution:Using the compound interest formula, we have thatP = 1500, r = 4.3/100 = 0.043, n = 4, t = 6. Therefore, So, the balance after 6 years is approximately $1,938.84.
What is compound interest of 1500 dollars for 5 years at interest of 5 percent?
Compound interest functions can be represented as [(1+i)^t]*n, where i = interest rate t = time n = original number [(1.05)^5]*1500 = $1914.42
In how many years will Rs.1000 amount to Rs.1728 at 20 percent compound interest.?
3
How do you figure out your total amount of money after interest?
It depends on whether it is simple or compound interest. The formula for simple interest is A = P(1+rt), where A = amount of money after t years, P = Principal, or the amount of money you started with, and r = the annual interest rate, expressed as a decimal (i.e. 7% = 0.07). For compound interest, the formula is A = P(1+r)t.
How do you figure out interest?
There are two types of interest, simple and compound: Simple Interest is calculated by p*r*t where, p = principal (original amount invested) r = interest rate for one period t = time Compound Interest is calculated by p * (1+ (r/n)) ^ n*t where, p = principal r = interest rate n = number of times per year the interest is compounded t = number of years invested
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
What is the correct formula for compound interest?
Suppose the amount invested (or borrowed) is K, Suppose the rate of interest is R% annually, Suppose the amount accrues interest for Y years. Then the interest I is 100*K[(1 + R/100)^Y - 1]
What is formula of compound interest?
Compound Interest for n compounds per year:A = P(1+r/n)ntWhereA = amount of money at time tP = Principal balancer = yearly interest raten = number of compunds per yeart = time in yearsContinuous Compound Interest:A = PertA = amount of money at time tP = Principal balancer = yearly interest ratet = time in years
