I=Prt
I= 250*1*0.067 = 16.75
Interest payments on the debt
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
If the interest rate is the annual equivalent rate then the frequency of compounding is irrelevant.In that case, it would be 146.93In the unlikely even that the interest rate is 8% per month, equivalent to approx 152% annual, it would be worth 10125.71
2.75
5% interest = 150*0.05 = 7.5
The interest will be 8973.59 approx.
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
OCCURRED: took place or happened ("It occurred on the 4th of march.") ACCRUED : collected over a period of time, accumulated
It is 300.
An incredible 42.4%
112,000
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.