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Earn +20 ptsQ: How do you calculate principle interest?
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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..
How do you calculate the compound interest rate?
A= Principle amount(1+ (rate/# of compounded periods))(#of compounding periods x # of years)
When accumulated interest is added to the initial principle?
Compound Interest (study island)
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.
Interest calculated not only on the original principle but also on the interest already accumulated is called?
The answer is compound interest
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