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It is easiest to concentrate on how much your total money will increase, and to use factors as follows. For example, if you start with 1000 dollars, at 7% a year, your money will increase by a factor of 1.07 (1 stands for the original capital, 0.07 to the 7% increase) every year. In 5 years, your capital will increase by a factor of 1.07 x 1.07 x 1.07 x 1.07 x 1.07, which can be written as 1.075. Calculate this, and if you want to know how much of this was interest, just subtract the original capital.
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Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
Find the final amount for the investment 750 at 10 percent interest compounded quarterly for 10 years?
750 invested for 10 years at 10% pa would be 1,945
What amount of compound interest can be obtained on an amount of rs 9650 at the rate of 6 pcpa at the end of 3 years?
Well, darling, if you want to know how much compound interest you'll get on Rs 9650 at a 6% rate over 3 years, I'll tell you straight. The formula for compound interest is A = P(1 + r/n)^(nt), where A is the amount, P is the principal, r is the rate, n is the number of times interest is compounded per year, and t is the time in years. Plug in those numbers and you'll find out the compound interest you're looking for. Just remember, math doesn't care about your feelings, honey.
If 1500 dollars is invested at an interest rate of 3 point 5 percent per year compounded continuously find the value of the investment after 3 6 and 18 years.?
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
What is the Formula to find capacity when given volume?
Capacity is the same as the volume of the inside of a container. Often, in mathematical exercises, the internal and external volumes are assumed to be the same (ie thickness of the container is zero). In this case, the capacity is the same as the internal or external volume.
