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If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
Wiki User
∙ 14y ago
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100
As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100.
The balance at the year end = Principal + Interest = Principal x 104.5/100.
Wiki User
∙ 14y ago
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How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
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
Andrea deposited 300 in a savings account that pays 3 percent simple annual interest How much interest will Andrea earn at the end of 3 years?
With SIMPLE ANNUAL interest, the interest is only applied once at the end of each year. So: At the end of the first year she earns $3 in interest. Her balance is $303. At the end of the second year, she earns $3.03 in interest. Her balance is $306.03. At the end of her third year she earns $3.06 in interest. Her balance in now $309.09. She earned a total of $9.09. She can now buy the unicorn she has had her eye on, because she is living in a fantasy world (since there is no such thing as a savings account with 3% interest in todays economy. She'd be lucky to find one providing over 1%.)
How do you find interest rate?
To find interest rate you multiply the price by the time by the percent
Find A if 8300 is invested for 3 years at a single interest rate of 15 percent?
Interest = 83 x 3 x 15 = 3735. This is assuming you meant "simple" interest. If it is a one-off interest rate then the term is irrelevant and interest is 83 x 15 ie 1245
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
Find the simple interest earned after 5 years on an investment of 2000 at 3.2 percent?
320
Find the simple interest on a 340 loan at each rate. 7 percent annual interest 3 years?
That's what I want to know
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
Andrea deposited 300 in a savings account that pays 3 percent simple annual interest How much interest will Andrea earn at the end of 3 years?
With SIMPLE ANNUAL interest, the interest is only applied once at the end of each year. So: At the end of the first year she earns $3 in interest. Her balance is $303. At the end of the second year, she earns $3.03 in interest. Her balance is $306.03. At the end of her third year she earns $3.06 in interest. Her balance in now $309.09. She earned a total of $9.09. She can now buy the unicorn she has had her eye on, because she is living in a fantasy world (since there is no such thing as a savings account with 3% interest in todays economy. She'd be lucky to find one providing over 1%.)
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.
How do you find interest rate?
To find interest rate you multiply the price by the time by the percent
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
How can find interest percent in Rs100000?
First find out what the interest rate is from the money lender or deposit taker.
What are some advantages of a 0 balance transfer?
When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.
How do you find time in simple interest?
time(t)= interest/rate , princaple
Find A if 8300 is invested for 3 years at a single interest rate of 15 percent?
Interest = 83 x 3 x 15 = 3735. This is assuming you meant "simple" interest. If it is a one-off interest rate then the term is irrelevant and interest is 83 x 15 ie 1245
