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Q: Which of these steps should be performed first to calculate simple interest?
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Related questions

Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?

Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.


How do you calculate simple interest earned?

simple interest = principle (money) times the rate times the time


When calculating simple interest you should first?

When calculating simple interest, you should first


Pseudocode and flowchart for simple interest calculation?

begin enter Principal amount(Input) enter interest rate(Input) calculate simple interest(Computation/Processing) Display/Show/Print Give sound Simple Interest(output) end By Tomas Naxweka(Namibia)


Write a c program to find simple interest?

write a program in c to calculate simple interest for 5 years


What are the steps to calculate simple interest?

There are three things you need to know in order to calculate simple interest: the principal amount, the rate and the time. When you have those numbers, use the formula I = Prt for the calculation.


How do I Calculate interest on 100000?

To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.


which of the following is not to calculate simple interest?

Another answer from Apex is... compounding frequency


If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?

18.90currency as an interest..


Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?

The simple interest over a period of five years is $463.70


How do banks calculate simple interest?

The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.


Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?

1,773.60


Calculate the simple interest on the amount of 567.23 at 5 percent for two years?

56.72


What is the algorithm and flowchart to calculate the simple interest for 5 customers?

algorithms is language independent


How can you write a complete fortran program to calculate a simple interest siprt100 given principal rate and time?

Solve simple intress usin fortran


How do you calculate effective interest rate of a simple interest of ten per cent for three years?

2(3)(10)/4 = 15%


If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00 calculate your interest and your principle for two years?

18.90 as an interest. and principle wil remain same.


What is the yearly interest payment on a 32500 loan having an interest rate of 7 percent calculate as simple interest?

32500 is 325 "hundreds" so 7 times that ie 2275 is your annual interest.


How do you calculate the rate per cent per annam if there is an interest a principal and a time?

I = (P x T x R) / 100. This is simple interest.


Calculate the daily interest on an annual rate of 18 percent?

it depends on wheather the interest is simple or compound also you should tell me how much money you put in the bank to begin with but lets calculate the interest on one dollar : if it is simple interest then: I=P*R*T where T is in years =1*18/100*1/360 interest on one dollar principal is 0.0005 $ if it is compound interest then: I= P*(R+1)^T-p =0.00046 which is about the same as the simple interest one multiply my answer by the amount that you put into the bank origonally to find out ur interest hope i helped


Calculate the simple interest you would receive in one year on a savings account that earns 5 percent annual interest What if your beginning balance is 255.19?

12.76


Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?

463.72


Calculate the simple interest on the amount of 550.00 at 7 percent for 1 year?

The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.


How do you write a C plus plus program to calculate simple interest and compound interest?

cout<<wat de hell is cookin man<<


What is the calculation for a simple compound interest rate?

There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.