Wiki User
∙ 14y ago8 x 16 x 4 = 512
Wiki User
∙ 14y agoIt is 1100*(2/100)*9 = 198
That would depend on the original principal (the amount you borrowed) and how they compute interest.
141,000
1,146.74 The interest is $1046.74 and the principal is $100.
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .
It is 1100*(2/100)*9 = 198
That would depend on the original principal (the amount you borrowed) and how they compute interest.
141,000
141000
1,146.74 The interest is $1046.74 and the principal is $100.
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
34
Interest for first month will be 1560 x 0.4 = 624;
Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
It depends on the compounding frequency of the rate of interest earned on your bank account. Some banks compound the interest yearly and some do it quarterly. If the interest is compounded every year you will have 973.44 at the end of 2 years.