8 x 16 x 4 = 512
That would depend on the original principal (the amount you borrowed) and how they compute interest.
It is 1100*(2/100)*9 = 198
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 .
That would depend on the original principal (the amount you borrowed) and how they compute interest.
It is 1100*(2/100)*9 = 198
141000
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.
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 is 5%.