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Earn +20 ptsQ: How can you calculate simple interest principle rate and time?
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If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
How is simple interested calculated differently from coupounded interest?
With compound interest the interest amount is added to the principle and then earns interest as well. This is usually expressed as an annual percentage rate (APR). Simple interest is not added to the principle and does not earn further interest and is used rarely.
How do you calculate the compound interest rate?
A= Principle amount(1+ (rate/# of compounded periods))(#of compounding periods x # of years)
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