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How much simple interest is due on a loan of 1 200 for two years if the annual 1 rate of interest is 5.5 per cent?
To calculate the simple interest, use the formula: ( \text{Interest} = P \times r \times t ), where ( P ) is the principal amount, ( r ) is the annual interest rate, and ( t ) is the time in years. Here, ( P = 1200 ), ( r = 0.055 ) (5.5% expressed as a decimal), and ( t = 2 ). Thus, the interest is ( 1200 \times 0.055 \times 2 = 132 ). Therefore, the simple interest due on the loan is $132.
What is the per annum interest of 3 per cent for 28000.00?
3 x 280...
Is taxes on interest earn on a million dollars what per cent would that be?
Depends on in what country!
How do you calculate APR Interest rate?
Not per cent paid per month times 12, because balance changes each time you make a payment. You need what is called an"ammortization" schedule" or a brain much better than mine!
What does cent kip mean?
A cent kip is a unit of measurement used in structural engineering to quantify loads. It represents 100 pounds of force (kip) applied at a distance of one foot from a point of interest, typically used to calculate moments or forces in structural analysis. The term combines "cent," meaning one hundred, and "kip," a unit equivalent to 1,000 pounds. This unit helps engineers assess the impact of loads on structures efficiently.
How do you calculate effective interest rate of a simple interest of ten per cent for three years?
2(3)(10)/4 = 15%
What was the interest rate in the US in 1975?
The interest rate in 1975 was between 7.0 per cent and 10.0 per cent. The highest interest rate was from January and February of that year.
Find the simple interest. Round your answer to the nearest cent. Principal - 68200 Rate equals 9 percent Time in years equals 3?
68200*0.09*3=18414 note: have to move the rate to places over
Calculate the area of Australian 50 cent coin?
300 mm
What is the Per annum interest of 18 per cent for 95 days?
the interest rate would be 4.68% for the 95 day period
What are the chances of quitting making the penny?
The cent is needed due to the tax calculations. If they stop using the cent there will have to be a different way to calculate taxes.
What is the per annum interest of 3 per cent for 28000.00?
3 x 280...
Is taxes on interest earn on a million dollars what per cent would that be?
Depends on in what country!
What is three and a half per cent interest on 20000?
.035 x 20,000 = 700
How do you calculate APR Interest rate?
Not per cent paid per month times 12, because balance changes each time you make a payment. You need what is called an"ammortization" schedule" or a brain much better than mine!
What is the simple interest expressions?
The amount of interest earned on an investment of C, for y years at r per cent is C*y*r/100.
What does cent kip mean?
A cent kip is a unit of measurement used in structural engineering to quantify loads. It represents 100 pounds of force (kip) applied at a distance of one foot from a point of interest, typically used to calculate moments or forces in structural analysis. The term combines "cent," meaning one hundred, and "kip," a unit equivalent to 1,000 pounds. This unit helps engineers assess the impact of loads on structures efficiently.
