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Which variable in the simple interest equation you equals p r t represents the original amount of money borrowed or invested?
Wiki User
∙ 11y ago
p = principal ie amount invested;
r = annual rate of interest;
t = time in years.
interest receivable = (p x t x r)/100
Wiki User
∙ 11y ago
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What is the correct formula for compound interest?
Suppose the amount invested (or borrowed) is K, Suppose the rate of interest is R% annually, Suppose the amount accrues interest for Y years. Then the interest I is 100*K[(1 + R/100)^Y - 1]
What is the equation for determining compound interest?
A=Pe^rt A=Total Invested P=Principal r=Rate t=time
What is the equation to find compound interest?
If the rate of annual interest is r% the period is n years and the amount invested is y Then the compound interest is y*(1+r/100)^n - y
What is the math definition of principal?
The "principal" is the sum of money invested or borrowed, before interest or other revenue is added, or the remainder of that sum after payments have been made. In math, this applies to finance.
5000 is invested at 3 percent interest How much money must be invested at 5 percent interest so that the total interest from the two investments is 275 after one year?
$2,500 is your answer
What is A lump of money invested or borrowed not including interest?
Principal.
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
How the simple interest found in investment?
Multiply the principal (P) by the annual* interest rate as a decimal (r) and the time in years* (t). *The time period may be expressed in months, etc. For example, $2000 invested at 7% simple interest for 5 years: I = Prt = 2000x0.07x5 = 140x5 = $700.
What is the noun of interesting?
The noun 'interest' is a singular, common, abstract noun; a word for a desire to know or learn; a right, title, or legal share of something; a charge for borrowed money or the profit made on invested capital.
What is the correct formula for compound interest?
Suppose the amount invested (or borrowed) is K, Suppose the rate of interest is R% annually, Suppose the amount accrues interest for Y years. Then the interest I is 100*K[(1 + R/100)^Y - 1]
What is the equation for determining compound interest?
A=Pe^rt A=Total Invested P=Principal r=Rate t=time
The amount of money invested or borrowed is called what?
principal
What is the equation to find compound interest?
If the rate of annual interest is r% the period is n years and the amount invested is y Then the compound interest is y*(1+r/100)^n - y
What is a principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is a good definition of the noun interest?
The noun 'interest' is a word for a desire to know or learn; a right, title, or legal share of something; a charge for borrowed money or the profit made on invested capital. Example: "I have great interest in meeting the needs of my family"
What is the math definition of principal?
The "principal" is the sum of money invested or borrowed, before interest or other revenue is added, or the remainder of that sum after payments have been made. In math, this applies to finance.
