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How to calculate interest?

Pmt/principal


How do you calculate percentage from principal amount?

To calculate a percentage from a principal amount, multiply the principal amount by the percentage (expressed as a decimal). For example, to find 20% of $100, convert 20% to a decimal (0.20) and then multiply: $100 × 0.20 = $20. This means that 20% of the principal amount is $20.


How do we calculate interest PART and principal part in an EMI?

http://blog.investraction.com/2007/04/emi-principal-and-interest-calculator.html


How do you calculate the principal and interest payment for a loan?

To calculate the principal and interest payment for a loan, you can use the formula: Payment Principal x (Interest Rate / 12) / (1 - (1 Interest Rate / 12)(-Number of Payments)). This formula takes into account the loan amount (principal), the interest rate, and the number of payments.


How do you calculate the centroid of a rectangular solid?

It is the point where the principal diagonals meet.


The beginning amount used to calculate interest?

it is the principal amount... i.e., the amount for which u have to calculate the interest Enjoy!! Kush


What is the monthly principal and interest fee?

At www.HSH.com you can quickly calculate what your principal and interest will be on the life of your loan. Just enter the information asked for and the calculator will do the work for you.


How do you calculate the monthly principal payment on a loan?

To calculate the monthly principal payment on a loan, you can use the formula: Monthly Payment Total Loan Amount / Loan Term in Months. This will give you the amount of principal you need to pay each month to gradually pay off the loan over the specified term.


how do you calculate the interest rate when principal amount and maturity value are given?

To calculate the interest rate when the principal amount and maturity value are given, you can use the formula: [ \text{Interest Rate} = \left( \frac{\text{Maturity Value} - \text{Principal}}{\text{Principal}} \right) \times \frac{1}{t} ] where ( t ) is the time period in years. Rearranging this, you can find the interest earned and then divide by the principal and the time to get the annual interest rate.


What is the principal reduction formula used to calculate the decrease in the original loan amount?

The principal reduction formula calculates the decrease in the original loan amount by subtracting the payment made towards the principal from the original loan balance.


How do you calculate the Principal repaid after a period of time on a loan?

get the difference of interest rate and monthly periodic payment


Write a program to find simple interest in perl?

Here's a simple Perl program to calculate simple interest: use strict; use warnings; sub simple_interest { my ($principal, $rate, $time) = @_; return ($principal * $rate * $time) / 100; } my $principal = 1000; # Example principal amount my $rate = 5; # Example interest rate my $time = 2; # Example time in years my $interest = simple_interest($principal, $rate, $time); print "Simple Interest: $interest\n"; This program defines a function to calculate simple interest and then prints the result for given principal, rate, and time values.