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What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
How much interest earned on 4000000 in one year?
The interest earned on $4,000,000 in one year depends on the interest rate applied. For example, at an annual interest rate of 2%, the interest would be $80,000. At 5%, it would be $200,000. To determine the exact amount, you would need the specific interest rate used.
How much interest on 100 million dollars in 1 year?
The amount of interest on $100 million in one year depends on the interest rate. For example, at a 1% interest rate, the interest would be $1 million, while at a 5% rate, it would amount to $5 million. If you have a specific interest rate in mind, I can calculate the exact amount for you.
How much interest would three hundred million make a year?
The interest earned on three hundred million dollars in a year depends on the interest rate applied. For example, at a 1% annual interest rate, it would generate $3 million, while at a 5% rate, it would yield $15 million. To calculate the exact amount, multiply the principal ($300 million) by the interest rate (expressed as a decimal).
How do you find exact interest?
To find exact interest, use the formula ( I = P \times r \times t ), where ( I ) represents the interest, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate (in decimal), and ( t ) is the time in years. Ensure that the interest rate is expressed as a decimal (e.g., 5% becomes 0.05). This formula calculates the total interest earned or paid over a specified period with a fixed interest rate.
Example of ordinary and exact interest?
example of ordinary interest
What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
How much interest earned on 4000000 in one year?
The interest earned on $4,000,000 in one year depends on the interest rate applied. For example, at an annual interest rate of 2%, the interest would be $80,000. At 5%, it would be $200,000. To determine the exact amount, you would need the specific interest rate used.
How much interest a year on 1000000 dollars?
The amount of interest earned on $1,000,000 in a year depends on the interest rate. For example, at an annual interest rate of 3%, the interest would be $30,000. At a higher rate of 5%, it would amount to $50,000. Always check the specific rate being offered to determine the exact interest.
How much interest will 1000000000 make in a year?
The interest earned on $1,000,000,000 in a year depends on the interest rate and type of account or investment. For example, if the annual interest rate is 2%, the interest earned would be $20,000,000. Conversely, at a higher rate of 5%, the interest would amount to $50,000,000. Therefore, the exact interest can vary significantly based on these factors.
What is the exact and ordinary interest computation?
t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days
How much interest on 100 million dollars in 1 year?
The amount of interest on $100 million in one year depends on the interest rate. For example, at a 1% interest rate, the interest would be $1 million, while at a 5% rate, it would amount to $5 million. If you have a specific interest rate in mind, I can calculate the exact amount for you.
How much interest would you earn on 200000?
The amount of interest you would earn on $200,000 depends on the interest rate and the time period for which the money is invested or saved. For example, at a 3% annual interest rate, you would earn $6,000 in one year. If the interest is compounded, the total interest could be higher over time. To calculate the exact amount, you would need to specify the interest rate and duration.
Difference between Exact interest and Ordinary interest?
Interest that is based on a 360-day year instead of a 365-day year. In contrast, exact interest is based on a 365-day year. If large sums of money are involved, the difference can be significant
How much interest would you earn on 180 million pounds?
The interest earned on £180 million depends on the interest rate and the duration for which the money is invested. For example, at an annual interest rate of 2%, you would earn £3.6 million in interest after one year. If the rate is higher or lower, the interest earned would adjust accordingly. You can calculate the exact amount using the formula: Interest = Principal x Rate x Time.
What is interest in a sentence?
His interest was in photography but he could not pursue. it. It is an example of interest word sentence.
How much interest would you earn a month from 125 million pounds?
The interest earned in a month from £125 million depends on the interest rate. For example, if the annual interest rate is 2%, you would earn approximately £250,000 in a month (calculated as £125 million x 0.02 / 12). If the rate is higher or lower, the monthly interest would adjust accordingly. Always check the specific interest rate to calculate the exact amount.
