Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
14.4%
112,000
18.90currency as an interest..
1.5 or 1.50
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
14.4%
The highest interest accounts can be found in Savings accounts. Banks may offer specials of up to three percent in order to get your business. A more common rate is 1.5%.
Savings accounts with traditional banks typically do not have high interest rates. Banks such as Ally or ING Direct offer slightly higher interest rates that are approximately .75 to 1 percent.
32
0.04849%
112,000
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
24.88
There is a due date on the payment, if you miss that, the charge added to your balance is 2 percent per month till you get current.
18.90currency as an interest..
1,773.60