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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.
How do you calculate principal and interest when amountrate of interest and time period is given?
The amount, P, is the principal. If the rate is r% compounded annually for y years, then the total interest earned is P*[(1 + r/100)^y - 1]
What is given by the formula you equals prt?
The formula ( A = P + I ) or ( A = P(1 + rt) ) is often represented in the context of simple interest, where ( A ) is the total amount of money accumulated after a certain time, ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (in decimal), and ( t ) is the time the money is invested or borrowed for, in years. The term ( I = prt ) represents the interest earned over that time period. Thus, this formula is used to calculate how much interest will be earned or owed on a principal amount over a specified period.
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
Is simple interest at 4.25 percent better than compound interest at 4.25 percent?
Simple interest is the interest you earn on your principal, IE the amount of your original investment. For example, you put 1000 dollars in a saving account paying 3% per annum. At the end of the year you will have earned 30 dollars on that one thousand dollars. If you leave the principal and interest in the account for another year you will earn another 30.00 on your original 1000 dollars plus .90 interest. on the first 30.00 dollars interest. This gives you a total of 1060.90 in your second year. In each succeeding year you will earn interest on your interest plus interest on your original principal which, if left alone will add up to a substantial some given the power of compound interest. One caveat, compound interest is a double edged sword. If you have a loan and fail to make your monthly payments on time, compound interest will gut you financially.
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.
How do you calculate principal and interest when amountrate of interest and time period is given?
The amount, P, is the principal. If the rate is r% compounded annually for y years, then the total interest earned is P*[(1 + r/100)^y - 1]
How do you calculate Interest rate if loan amount and monthly payments and loan amount is given?
17k 300 per month
What is given by the formula you equals prt?
The formula ( A = P + I ) or ( A = P(1 + rt) ) is often represented in the context of simple interest, where ( A ) is the total amount of money accumulated after a certain time, ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (in decimal), and ( t ) is the time the money is invested or borrowed for, in years. The term ( I = prt ) represents the interest earned over that time period. Thus, this formula is used to calculate how much interest will be earned or owed on a principal amount over a specified period.
How can you write a complete fortran program to calculate a simple interest siprt100 given principal rate and time?
Solve simple intress usin fortran
How do you calculate how much interest rate should be given for 6 month saving deposit?
I calculate the interest rate should be given for 4 month saving deposit
Write a c-program to compute compound interest after accepting the principal amount rate and time from user?
#this program to calculate princple amount using perl. print "enter the amount given;","\n"; $A=<stdin>; print "enter the rate of interst given;","\n"; $R=<stdin>; print "enter the no of years given;","\n"; $Y=<stdin>; $o=1+$R; $e=$o**$Y; $t=1/$e; $f=1-$t; $p= $A*$f; print "princple amount $p";
Is the simple interest on 2000 for 2 years is 320 then what is the interest rate?
To calculate the interest rate, we can use the formula for simple interest: I = P * r * t, where I is the interest, P is the principal amount (2000 in this case), r is the interest rate, and t is the time in years (2 years). Given that the interest is $320, we can plug in the values to solve for r: 320 = 2000 * r * 2. Solving for r, we get r = 320 / (2000 * 2) = 0.08, or 8%. Therefore, the interest rate is 8%.
How do you calculate investment amount that compounds quarterly?
The quarterly compound interest of a principle can be given by A=P(1+(r/n))^.25t. Here P is the principle, A is the amount and t is the time taken.
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
What is the definition of present value?
The principal which, drawing interest at a given rate, will amount to the given sum at the date on which this is to be paid; thus, interest being at 6%, the present value of $106 due one year hence is $100.
What is the average mortgage payment on 130000?
I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment. If you could afford to do a 15 year loan, at the same interest rate, the monthly payment would be $994.49 and you would save nearly $60,000 in interest. If you change the interest rate, the payment could change significantly also.
