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To find the amount of interest using the total cost, you first need to determine the principal amount and the total cost incurred. The total cost typically includes both the principal and the interest. You can calculate the interest by subtracting the principal from the total cost: Interest = Total Cost - Principal. This will give you the amount of interest charged over the specified period.
What else can I help you with?
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.
In a simple interest what will be the sum amount of rs 1200 in 5years and 1120 in 4 years?
To find the total sum amount for both cases, we first calculate the interest for each. For Rs 1200 in 5 years, the total amount is Rs 1200 + (Principal × Rate × Time). For Rs 1120 in 4 years, the total amount is Rs 1120 + (Principal × Rate × Time). Without the interest rate provided, we cannot compute the exact total sum amount; however, if the interest rate is the same for both, we can find a common rate and determine the final amounts accordingly.
Ms. Johnson invested 5980 with a finance company which pays 15.6 percent simple interest per year. Find the interest and the amount she is expected to receive after 6 years.?
The interest is 5980*1536/100*6 = 5597.28 And the total amount is 11577.28
How do you find the total cost of a item with tax?
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.
Shawn bought a home for 100000 he put 20 percent down and obtained a mortgage fo 30 years at 5 5 percent what is the total interest cost of the loan?
Since Shawn bought the house for 100,000 and paid 20,000 (he put 20% down), the loan amount would be 80,000 (100,000 - 20,000). In order to find the total interest cost of the loan, first we need to find the balance that would be after 30 years with a 5.5% interest, and subtract from that balance the loan amount of 80,000: A = Pert A = 80,000e(0.055)(30) A = 416,558.39 I = A - 80,000 = 416,558.39 - 80,000 = 336,558.39 Thus, the house would cost 336,558.39 more than the price of the house, if Shawn would buy it in cash.
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 personal loan interest is calculated?
Here's a simplified explanation of how it works: Principal Amount: The principal amount is the initial sum you borrow from the lender. This is the base amount upon which interest is calculated. Interest Rate: The lender specifies an annual interest rate as a percentage. For example, if you have a $10,000 personal loan with an annual interest rate of 5%, the interest rate is 0.05. Time Period: The time period refers to the duration for which you borrow the money, usually expressed in years but sometimes in months. For example, if you have a 3-year loan, the time period is 3. Interest Calculation: To calculate the interest for each period (usually monthly), you multiply the principal amount by the annual interest rate divided by the number of periods in a year. For example: Monthly Interest = (Principal Amount × Annual Interest Rate) / 12 Total Interest Paid: To find the total interest paid over the life of the loan, multiply the monthly interest by the total number of periods (months) in the loan term. For a 3-year loan, this would be 36 months. Total Interest = Monthly Interest × Total Number of Periods Total Repayment Amount: To determine the total amount you'll repay, add the principal amount to the total interest. Total Repayment Amount = Principal Amount + Total Interest
In a simple interest what will be the sum amount of rs 1200 in 5years and 1120 in 4 years?
To find the total sum amount for both cases, we first calculate the interest for each. For Rs 1200 in 5 years, the total amount is Rs 1200 + (Principal × Rate × Time). For Rs 1120 in 4 years, the total amount is Rs 1120 + (Principal × Rate × Time). Without the interest rate provided, we cannot compute the exact total sum amount; however, if the interest rate is the same for both, we can find a common rate and determine the final amounts accordingly.
How do you find the percentages for each item when you have a single cost amount and need to break it down for cost pricing for three different sizes?
The percentage of the total amount represented by a part of it is(100 times the part) divided by (the total amount) .
How do you calculate hire purchase installments?
To calculate hire purchase installments, first determine the total cost of the item, including any interest and fees. Next, subtract the initial deposit from the total cost to find the financed amount. Divide this financed amount by the number of installments to find the monthly payment. Additionally, ensure to account for any additional charges that may apply throughout the hire purchase period.
How much interest is paid on a 52000 loan if the monthly payments are 450.23 for w years?
To calculate the total interest paid on a $52,000 loan with monthly payments of $450.23 over a certain number of years (w), first determine the total amount paid by multiplying the monthly payment by the total number of payments (12 months × w years). Then, subtract the original loan amount from this total to find the interest paid. The formula is: Total Interest = (450.23 × 12 × w) - 52,000. You would need to specify the duration (w) to calculate the exact interest amount.
Ms. Johnson invested 5980 with a finance company which pays 15.6 percent simple interest per year. Find the interest and the amount she is expected to receive after 6 years.?
The interest is 5980*1536/100*6 = 5597.28 And the total amount is 11577.28
What do you do after you get the total of the interest rate?
After calculating the total interest rate, the next step is to apply it to the principal amount to determine the total interest earned or paid over the specified period. If it's an investment, you would add this interest to the principal to find the future value. If it's a loan, you would consider how this affects monthly payments and the total repayment amount. Finally, it's essential to review the results in the context of your financial goals or obligations.
How do you find the total cost of a item with tax?
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.
Amanda bought a car for $8500 was for five years at a 4.6 interest rate how much will Amanda pay for her car total including interest?
To find the total amount Amanda will pay for her car including interest, we can use the formula for simple interest: ( A = P(1 + rt) ), where ( A ) is the total amount, ( P ) is the principal amount ($8500), ( r ) is the interest rate (0.046), and ( t ) is the time in years (5). Calculating this, ( A = 8500(1 + 0.046 \times 5) = 8500(1 + 0.23) = 8500 \times 1.23 = 10455 ). Therefore, Amanda will pay a total of $10,455 for her car, including interest.
What is the total cost of 206.88 with 5.75 percent Sales tax?
To calculate the total cost including a 5.75% sales tax on an amount of $206.88, first find the sales tax by multiplying $206.88 by 0.0575, which equals approximately $11.92. Adding this sales tax to the original amount gives a total cost of about $218.80.
Shawn bought a home for 100000 he put 20 percent down and obtained a mortgage fo 30 years at 5 5 percent what is the total interest cost of the loan?
Since Shawn bought the house for 100,000 and paid 20,000 (he put 20% down), the loan amount would be 80,000 (100,000 - 20,000). In order to find the total interest cost of the loan, first we need to find the balance that would be after 30 years with a 5.5% interest, and subtract from that balance the loan amount of 80,000: A = Pert A = 80,000e(0.055)(30) A = 416,558.39 I = A - 80,000 = 416,558.39 - 80,000 = 336,558.39 Thus, the house would cost 336,558.39 more than the price of the house, if Shawn would buy it in cash.
