Q: Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days?

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146.20

Total = 10000(1+i)n Total = 10000(1.2321)2 Total = 12321 Change = interest gained = 12321 - 10000 = 2321

principal X rate X time = interest since its not a full year you must do this 123days divide by 365, 123/365=.34 10,000 x .043= 430 (<- change percent to decimal, so its .043 not 4.3%) then, 430 x .34 = $146.20 multiply 430 by .34 because og the fraction of a year So your answer is $146.20

$5.77

It is 300.

Related questions

146.20

The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-

Interest = Principal x rate x time 17000= 100000(0.10) t 17000=10000 t t=17000/10000 t=1.7 years

debit cash 9000debit tax 1000credit interest income 10000

Total = 10000(1+i)n Total = 10000(1.2321)2 Total = 12321 Change = interest gained = 12321 - 10000 = 2321

principal X rate X time = interest since its not a full year you must do this 123days divide by 365, 123/365=.34 10,000 x .043= 430 (<- change percent to decimal, so its .043 not 4.3%) then, 430 x .34 = $146.20 multiply 430 by .34 because og the fraction of a year So your answer is $146.20

79.17

6%

The monthly interest is 100.

$5.77

It is 300.

600.00$