0
change the percent to a decimal
to a decimal
Simple Interest is calculated bychange the % the below formula
(p * n * r) / 100
p - principal amount
n - no. of years
r - rate of interest
Let us say you invest Rs. 1000/- in a bank for 1 year that gives you a 8% simple interest your interest would be
1000 * 1 * 8 / 100 = Rs. 80/
56.72
Add your answer:
Earn +20 pts
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
Which of these steps should be performed first to calculate simple interest?
change % to decimal
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..
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
Which of these steps should be performed first to calculate simple interest?
change % to decimal
How do I Calculate interest on 100000?
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.
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..
Pseudocode and flowchart for simple interest calculation?
begin enter Principal amount(Input) enter interest rate(Input) calculate simple interest(Computation/Processing) Display/Show/Print Give sound Simple Interest(output) end By Tomas Naxweka(Namibia)
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?
1,773.60
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
What is the algorithm and flowchart to calculate the simple interest for 5 customers?
algorithms is language independent
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
which of the following is not to calculate simple interest?
Another answer from Apex is... compounding frequency
