The answer will depend on the amount invested and the interest rate. Information on neither is provided in the question.
Oh, dude, you're hitting me with the math questions now? Alright, let me break it down for you. So, if the compound interest for 2 years is Rs 156 and for 3 years is Rs 254, that means the interest for the third year is Rs 98 (254 - 156). To find the rate of interest, we need to calculate the interest for the first year, which would be half of the interest for 2 years (Rs 78). Then, we can divide this by the principal amount and multiply by 100 to get the rate of interest. Math can be fun, right?
The formula for simple interest is FV = PV * (1 + t*i) Where FV = Future Value PV = Present Value t = time i = interest rate As an example, suppose you have $100 now, the interest rate is 5%, and the time is 4 years. The future value is then FV = $100 * (1 + (4)*(0.05)) = $100 * (1 + 0.2) = $100 * 1.2 = $120 After four years, you will have $120.
The formula for compound interest is FV = PV * (1 + i) ^ t Where FV = Future Value PV = Present Value t = time i = interest rate As an example, suppose you have $100 now, the interest rate is 5%, and the time is 4 years. The future value is then FV = $100 * (1 + 0.05) ^ 4 = $100 * (1.05)^4 = $100 * 1.21550625 =~ $121.55 After four years, you will have $121.55. Note the answer has been rounded to the nearest cent.
I = PTR/100 so R = 100 I/PT in this case (100 x 3997.5)/(8200 x 2.5) ie 19.5%. This rate available now? Chance would be a fine thing!
Well the rate of obesity in Pakistan is rising to a higher rate now:)
Everbank has a very high interest rate right now.
The monthly rate fo interest on a certificate of deposit varies by maturity and also by the bank. Interest rates in the United States are close to an all-time low and consequently, rates on COD's will be low. The average interest rate for a 3 month COD right now is .20%. The average interest rate for a 6 month COD right now is .40%. And the average rate for a 12 month COD right now is .80%.
The current interest rate on American mortgages is quite good. You go buy house now
The interest rate of a Gmac mortgage loan is very variable. Based on the amount of time to pay it, the interest rate and total payout will increase with additional time.
saving account interest rate is now 4% that is best
The lowest interest rate varies day to day as of now (2009) you could probably get a 5-5.25% rate on a 30 year loan.
Right now interest rates are falling to all time lows. They will eventually go back up, but for right now they are low and continuing to fall.
Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far
What the base line interest rates are when you are taking out your mortgage will determine which is the best value. Remember what is the lowest rate now may not be the lowest in a couple of years.
If you believe that interest rates will be going down in the future, the best thing to do is to invest now in a product that allows you to lock in an interest rate long term. You may not have easy access to the money, but you will be earning a high interest rate compared to what will be available in the future if you are correct.
The answer will depend on the amount invested and the interest rate. Information on neither is provided in the question.