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What is the simple interest of 7 per annum on 180000?
To calculate simple interest, you can use the formula: Simple Interest = Principal × Rate × Time. For a principal of 180,000 at an interest rate of 7% per annum over one year, the calculation would be: Simple Interest = 180,000 × 0.07 × 1 = 12,600. Thus, the simple interest after one year is 12,600.
What equation could you use to find the nth term of a simple interest sequence?
To find the nth term of a simple interest sequence, you can use the equation ( A_n = P + (r \times P \times n) ), where ( A_n ) is the total amount after n periods, ( P ) is the principal amount (initial investment), ( r ) is the interest rate per period, and ( n ) is the number of periods. This formula accounts for the initial principal and the accumulated interest over n periods.
How do you find total amount if principle rater of interest months and interest is given?
To find the total amount, you can use the formula: Total Amount = Principal + Interest. First, calculate the interest using the formula: Interest = Principal × Rate × Time (in months/12). Then, add the interest to the principal to get the total amount.
Which equation could you use to find the nth term of a simple interest sequence?
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What is formula for interest?
You use the PRI formula
How do you find the simple interest?
To find simple interest, you can use the formula: ( \text{Interest} = P \times r \times t ), where ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (as a decimal), and ( t ) is the time the money is invested or borrowed for, in years. Multiply these three values together to calculate the total interest earned or paid over that period.
What is the simple interest of 7 per annum on 180000?
To calculate simple interest, you can use the formula: Simple Interest = Principal × Rate × Time. For a principal of 180,000 at an interest rate of 7% per annum over one year, the calculation would be: Simple Interest = 180,000 × 0.07 × 1 = 12,600. Thus, the simple interest after one year is 12,600.
What equation could you use to find the nth term of a simple interest sequence?
To find the nth term of a simple interest sequence, you can use the equation ( A_n = P + (r \times P \times n) ), where ( A_n ) is the total amount after n periods, ( P ) is the principal amount (initial investment), ( r ) is the interest rate per period, and ( n ) is the number of periods. This formula accounts for the initial principal and the accumulated interest over n periods.
How do you find total amount if principle rater of interest months and interest is given?
To find the total amount, you can use the formula: Total Amount = Principal + Interest. First, calculate the interest using the formula: Interest = Principal × Rate × Time (in months/12). Then, add the interest to the principal to get the total amount.
Which equation could you use to find the nth term of a simple interest sequence?
345
What is formula for interest?
You use the PRI formula
Calculate the simple interest on 3050 at 11.5 percent for 7 years?
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
How long would it take to earn 6000 in interest on a principal of 9000 at an annual simple interest rate of 4.1 Use the simple interest formula I prt where I is the interest earned p is the principal?
To calculate the time required to earn $6,000 in interest on a principal of $9,000 at an annual simple interest rate of 4.1%, use the formula ( I = P \times r \times t ). Rearranging the formula to solve for time ( t ) gives ( t = \frac{I}{P \times r} ). Plugging in the values: ( t = \frac{6000}{9000 \times 0.041} \approx 16.23 ) years. Therefore, it would take approximately 16.23 years to earn $6,000 in interest.
What is the simple interest on a loan of 8000 pounds over seven years at eleven percent pa?
To calculate simple interest, use the formula: Interest = Principal × Rate × Time. For a loan of 8000 pounds at an interest rate of 11% per annum over seven years, the interest would be: 8000 × 0.11 × 7 = 6176 pounds. Therefore, the simple interest on the loan is 6176 pounds.
Calculate the simple interest on a loan with a principal of 6000 an iterest of 7.39 percent and a term of four years?
To calculate simple interest, you use the formula: Interest = Principal x Rate x Time. In this case, the principal is $6000, the interest rate is 7.39% (or 0.0739 in decimal form), and the time is 4 years. Plugging these values into the formula gives: Interest = $6000 x 0.0739 x 4 = $1774.80. Therefore, the simple interest on the loan would be $1774.80.
How much is the interest on a simple interest loan with a principal of 3900 at 7.2 for three years?
To calculate the interest on a simple interest loan, you can use the formula: Interest = Principal × Rate × Time. Here, the principal is $3,900, the rate is 7.2% (or 0.072 as a decimal), and the time is 3 years. Plugging in the values: Interest = 3900 × 0.072 × 3, which equals $842.40. Therefore, the interest on the loan is $842.40.
How can you calculate simple interest principle rate and time?
To calculate simple interest, you can use the formula: ( I = P \times r \times t ), where ( I ) is the interest earned, ( P ) is the principal amount, ( r ) is the annual interest rate (expressed as a decimal), and ( t ) is the time in years. To find any of the variables, you can rearrange the formula accordingly: ( P = \frac{I}{r \times t} ), ( r = \frac{I}{P \times t} ), or ( t = \frac{I}{P \times r} ). Ensure that the time period matches the interest rate's time frame for accurate calculations.
