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What is the formula for finding monthly payment when you know the interest and principle amouint?
Wiki User
∙ 16y ago
total cost= monthly payment [1-(1+APR)to the power of -n/APR
Wiki User
∙ 16y ago
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What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the formula for finding interest?
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
What is the formula for finding probabilities?
The formula for finding probability depends on the distribution function.
Is the formula for finding the area of an oval the same as the formula for finding the area of a circle?
No because the formula for finding the area of an oval, which is an ellipse, is quite different
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the formula for finding interest?
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
How can one calculate their interest?
The formula used to calculate your interest is the principle balance, multiplied by the monthly interest rate. Then you mulitply that by the number of months in which you last paid interest.
Which formula determines the interest amount on a loan?
Current (principle balance) x (interest rate per year) x (amount of time). Examples: ~for calculating monthly interest, it would be (principle balance) x (interest rate) / 12. ~for daily interest, it would be (principle balance) x (interest rate) / 365.
What is the formula for finding time when using simple interest?
time= interest/principal x rate likee yeahh thats it
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
What is the formula for a simple compound interest rate?
Simple Interest = p * i * n p is principle and i is interest rate per period and n is the number of periods. A = P(1 + r)n is for compound interest.
What is the formula for finding an interest rate on a 10000 loan paid at the end of three years total paid is 12600?
126
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
What is the formula for finding joules?
There isn't a formula for finding joules. It is a way for finding a force or giving an example.
What is the formula for finding probabilities?
The formula for finding probability depends on the distribution function.
Is the formula for finding the area of an oval the same as the formula for finding the area of a circle?
No because the formula for finding the area of an oval, which is an ellipse, is quite different
