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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.
Where can find the simple mathematical formula for calculating interest?
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
Where can I find a calculator to see how much compounded interest I will be paying?
http://math.about.com/library/blcompoundinterest.htm is a great and easy website to calculate your compounded interest. It walks you through, step by step.
Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
If you only have 1500 to invest and the highest interest rate you can find is 3 percent compounded annually and you decide to wait 4 years to go on the trip how much money will you have to spend?
Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
How do you find the volume of a formula?
A formula is a string of letters and numbers and other mathematical characters. It has no volume.
Find compound interest on Rs800 for 3 years at an interest 8 percent compounded semiannually for three years Find the compound inte?
800 x (1.04)6 ie Rs1012.26
What do volume formula mean?
It is a set of mathematical operations which have to be carried out, using some measures of an object and possibly mathematical constants, to find the total amount of space which an object occupies.
How can I find a simple interest calculator online?
www.moneychimp.com works great for individuals and small business alike. It takes in to account how much money is there as well as what type of interest compounded the money is in.
What is a mathematical formula?
A formula that shows you how to do or solve a mathematical problem. Ex. Y2-Y1 ------- X2-X1 That is used to find the slope of two points (Also known as point form, if I am correct.)
June deposited 8450 in an account that pays 6 percent interest compounded annually find the amount she will have in the account at the end of 8 years?
13468.02
