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The interest earned on an investment can be calculated with the formula you prt where you interest p principal r interest rate and t time If p 600 r 0.05 and t 8 what is the value of you?
Wiki User
∙ 15y ago
This is applying simple interest of 5% per term, for 8 terms, and finally, multiplying it by the $600 principal. 600 x 0.05x8 equal to 240 $.
Wiki User
∙ 15y ago
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If the interest is 10 per annum for 3 three years how do you do the math for the total?
Assuming simple interest, the formula is Interest = Principal x Time x Rate/100, in this case the interest would be 30% of the original investment. If the interest is compounded yearly the the formula is Principal x (1 + Rate/100)^Time so that the new total would be (1 + 0.1)^3 ie 1.331 times the original investment, a total of 33.1% interest.
What is the formula for finding the annual payment for an investment?
Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?
time
How do you calculate a continuous compounding interest?
Continuously compounded interest is interest that is constantly being calculated and added to a balance. It can be calculated using the formula, A=Pe Rt. A stands for the total amount, P stands for the original investment, E stands for the constant 2.7183, R stands for the interest rate as a decimal, and T stands for the number of years.
What is the Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
If the interest is 10 per annum for 3 three years how do you do the math for the total?
Assuming simple interest, the formula is Interest = Principal x Time x Rate/100, in this case the interest would be 30% of the original investment. If the interest is compounded yearly the the formula is Principal x (1 + Rate/100)^Time so that the new total would be (1 + 0.1)^3 ie 1.331 times the original investment, a total of 33.1% interest.
What is the formula for finding the annual payment for an investment?
Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?
time
How do you calculate a continuous compounding interest?
Continuously compounded interest is interest that is constantly being calculated and added to a balance. It can be calculated using the formula, A=Pe Rt. A stands for the total amount, P stands for the original investment, E stands for the constant 2.7183, R stands for the interest rate as a decimal, and T stands for the number of years.
What is the Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
Where can find the simple mathematical formula for calculating interest?
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
How to calculate a profitable real eatate investment?
A profitable in real estate investment can be calculated using the following formula: Return on investment (ROI)=(gain from investment-cost of investment)/cost of investment.
Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
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?
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.
Principal amount and interest rate formula?
I = P X R X T
