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What is the interest rate with interest earned of 76.00 and principal of 800.00 for 2 years?
simple interest is I = prt so rate becomes r = I / (pt) r = 76 / (800 x 2) = 76/1600 =0.0475 if you need a percent answer multiply by 100 r = 4.75 percent
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
How much interest is earned in 9 months on a deposit of 7000 at 8 percent simple interest?
70 x 8 x 3/4 ie 420
How much simple interest is earned on a deposit of 800 at a annual rate of 5 percent after two years?
It is 80 currency units.
What is a fixed percent of the principal in math?
Simple Interest
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
How is interest different from compound interest?
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
When interest is added to the principal amount and then interest is calculated on this new amount the process is called?
The process you are describing is called compound interest. In compound interest, the interest earned on the principal amount is added to the principal, and subsequent interest calculations are based on this new total. This results in interest being earned on both the original principal and any previously accumulated interest. This method contrasts with simple interest, where interest is calculated only on the principal amount.
What is the simple interest per year on a principal of 500 at a rate of 7 percent?
35
What is the interest rate with interest earned of 76.00 and principal of 800.00 for 2 years?
simple interest is I = prt so rate becomes r = I / (pt) r = 76 / (800 x 2) = 76/1600 =0.0475 if you need a percent answer multiply by 100 r = 4.75 percent
Calculate the simple interest on 3050 at 11.5 percent for 7 years?
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
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
A principal of 950 is invested in an account at 7 percent per year simple interest What is the amount of the principal after 5 years?
1282.5
How is simple interest simalar to percent?
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
