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How much compound interest is earned on 15750 principal with an annual interest rate of 2 compounded annually over 3.5 years?
Wiki User
∙ 7y ago
The analytical answer is 1130.34 but banks are not likely to round up when it comes to paying you money so I would say 1130.33
Wiki User
∙ 7y ago
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How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
How many times will interest be added to the principal in 1 year if the interest rate is compounded annually?
Once.
What is the principal if the Interest earned is 27.00 for 2 years at 1.5?
Assuming that 1.5 refers to 1.5% and that the interest is compounded annually, the principal is 893.30
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]
Does Interest Compounded semi-annually double every year?
No.
How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
How many times interest be added to the principal in one year if the interest is compounded semi annually?
Twice
How many times interest be added to the principal in one year if the interest is compounded semi-annually?
twoo '
How many times will interest be added to the principal in 1 year if the interest rate is compounded annually?
Once.
What is the principal if the Interest earned is 27.00 for 2 years at 1.5?
Assuming that 1.5 refers to 1.5% and that the interest is compounded annually, the principal is 893.30
How many times will interest be added to the principal in 1 year if the interest is compounded annually?
1 for me Ap#x
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
What does compounded annually mean?
At the end of the year the interest is deposited in the account. The next year the interest is figured on the principal plus last year's interest.
What type of interest is on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
What type of interest is figured on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
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]
Does Interest Compounded semi-annually double every year?
No.
