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R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two-year period?
It is 832 units of currency.
What is the simple interest on 3 500 at 9 ½ percent for 1 ½ years?
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
How much will 3500 dollars be worth in three years with one percent interest?
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
Is simple interest at 4.25 percent better than compound interest at 4.25 percent?
Simple interest is the interest you earn on your principal, IE the amount of your original investment. For example, you put 1000 dollars in a saving account paying 3% per annum. At the end of the year you will have earned 30 dollars on that one thousand dollars. If you leave the principal and interest in the account for another year you will earn another 30.00 on your original 1000 dollars plus .90 interest. on the first 30.00 dollars interest. This gives you a total of 1060.90 in your second year. In each succeeding year you will earn interest on your interest plus interest on your original principal which, if left alone will add up to a substantial some given the power of compound interest. One caveat, compound interest is a double edged sword. If you have a loan and fail to make your monthly payments on time, compound interest will gut you financially.
What is 7.4 percent compound interest on 500.00?
The interest for 1 year is 37.00, whether it is simple or compound interest.
R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
What is the interest on a 1750000 deposit at 9.5 percent rate a year?
It depends whether the interest is compound or not. However, if the interest is credited at the end of the first year, you would have 166250 interest at 9.5%
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two year period?
$432
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
What is compound interest is?
compound interest is interest on interest and again interest on amount together with principle plus interstWhen. Interest compiles eg you have 10% interst on 100 , so after a year you have 110 10% again 11 pounds so you have 121 next year 10% you have 133.10 and so oncompound interest is interest that is added each year from you profits that year, an example to make this easier - say you had 200 pounds in your bank and the company was giving you ten percent per annum. after your first year you will have made 220 pounds as you take ten percent (£20) from your balance and add it on. The next year say you have the same £220 another ten percent will be added- ten percent of 220 not 200.
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two-year period?
It is 832 units of currency.
What is the simple interest on 3 500 at 9 ½ percent for 1 ½ years?
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
5000 at 5 percent compound interest 3 years?
Depends on how often and when the interest will be paid. typicalle once a year at the end of the year. In that case 5000 * (1.05^3) = 5788.12
What is the compound interest on 750000 pesos borrowed at 2.50 percent interest per year for 1 year if the interest is compounded quarterly?
Since the annual interest rate is given, the fact that the interest is calculated and compounded quarterly is not relevant. The interest is 750000*2.5/100 = 18750 pesos.
How much will 3500 dollars be worth in three years with one percent interest?
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
How much money would you have if you put 100 in the bank for a year at 2 percent?
That depends whether the bank is giving you simple interest or compound interset and if it is compound interest is it compounded daily, monthly, quarterly, halfyearly and so on. Assuming it is simple interest, at the end of the year will have 100 + 2 = 102 dollars.
