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There are two types of interest, simple and compound:
Simple Interest is calculated by p*r*t
where,
p = principal (original amount invested)
r = interest rate for one period
t = time
Compound Interest is calculated by p * (1+ (r/n)) ^ n*t
where,
p = principal
r = interest rate
n = number of times per year the interest is compounded
t = number of years invested
What else can I help you with?
How do you figure out this math problem?
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
How do you figure out royalty interest if percentage is 75 divided by 5?
15
What is definition of image in math?
The figure that results from some transformation of a figure. It is often of interest to consider what is the same and what is different about a figure and its image EX: original Image
Where can I find a good loan interest calculator?
You can find a good loan interest calculator by visiting www.Bankrate.com is an excellent site that can show monthly payments and the percentage of interest payable and the figure of interest payable as well.
What is the best way to calculate how much interest I will spend on my car loan?
Many banks offer loan calculators that will help you figure how fast you need to pay it off to avoid this much in interest. I would start looking at local banks to figure it out.
What are points of interest in the Midwest?
i need to figure this out for biography reports due tomorrow. what are you a librarian, come on answer!
Why is the height of a parrallelogram not on the side of the figure?
Because usually the measure of interest is the vertical height, not the slant height.
What are three points of interest in Midwest?
i need to figure this out for biography reports due tomorrow. what are you a librarian, come on answer!
What is a round solid figure in which any point on its surface is the same distance from its center an area of interest?
It is a sphere
HOW DO YOU FIGURE INTEREST ON A WAGE GARNISHMENT IN MICHIGAN.?
It may from 5% Judgment to About 7% (changes annually) to my knowledge
How do you figure the interest rate percentage on a 144000 when you receive 3357.15 a year interest?
To find the interest rate percentage, divide the annual interest amount by the principal amount and then multiply by 100. In this case, the calculation would be ( \frac{3357.15}{144000} \times 100 ). This results in an interest rate of approximately 2.33%.
How do you add interest charges to a real estate lien?
Interest on a judgment lien is set by state statute. If you don't have an attorney perhaps the court that issued the judgment could help you figure out the interest due you on your lien at payoff time. The interest rate in Massachusetts is 12%.
