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Suppose you invest 1200 in four years You earned 312 in simple interest What is the interest rate?
Wiki User
∙ 14y ago
6.5%
Formula for finding Simple Interest
SI [Interest] = (P×R×T)/100
P [sum] = (SI×100)/(R×T)
R [Rate/year] = (SI×100)/(P×T)
T [Time] = (SI×100)/(P×R)
where
S.I. = Simple Interest,
P = Principal or Sum of amount,
R = % Rate per annum,
T = Time Span
Wiki User
∙ 14y ago
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How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?
I
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
What is the simple interest earned on 700 invested at 5 percent annual interest for 2 years?
Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70
Suppose that you plan on investing into an account paying simple interest The formula for simple interest is I equals Prt where I is the interest earned on a investment of P dollars at the given rate?
No. I is as described for the stated period.
How much did Kate invest if she earned 1800 in 8 years at a 5 percent annual simple interest rate?
Kate invested 4500.
How much interest is earned on the account?
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
Are Simple interest calculated as a percentage of the bank balance and interest earned?
This answer is False!!
How is simple interest earned?
Thats what im wondering
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded 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.
If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?
I
Does the amount of interest earned each year increase decrease or stay the same in a simple interest account What about in a compound interest account?
Simple interest: stays the same. Compound interest: increases.
Does the amount of interest earned each year increase decrease or stay the same in a simple interest account. What about in a compound interest account?
Simple interest: stays the same. Compound interest: increases.
