Simple interest = money invested x rate/100 x number of years
You already gave the simple interest - 9 percent. Rethink and ask your question again.
For the second (and subsequent) periods, if the interest is to be calculated for the original sum PLUS the interest earned so far then it is compound interest. If only the original amount earns interest in all periods then it is simple interest.
The answer for rate in simple interest is =rate= simple interest\principle*time
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
good question but its as simple as possible.
You already gave the simple interest - 9 percent. Rethink and ask your question again.
If you are working on simple interest you have to write the equation I=p. r.t
Reference:cprogramming-bd.com/c_page1.aspx#simpleinterest
For the second (and subsequent) periods, if the interest is to be calculated for the original sum PLUS the interest earned so far then it is compound interest. If only the original amount earns interest in all periods then it is simple interest.
It all very simple. Just go to the question section and write your answer and submit it.
Solve simple intress usin fortran
The answer for rate in simple interest is =rate= simple interest\principle*time
Here's a simple Perl program to calculate simple interest: use strict; use warnings; sub simple_interest { my ($principal, $rate, $time) = @_; return ($principal * $rate * $time) / 100; } my $principal = 1000; # Example principal amount my $rate = 5; # Example interest rate my $time = 2; # Example time in years my $interest = simple_interest($principal, $rate, $time); print "Simple Interest: $interest\n"; This program defines a function to calculate simple interest and then prints the result for given principal, rate, and time values.
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
Baldin Hardware is in the state of Pennsylvania. Simple question with a simple answer. It doesn't make sense to have to write long winded answers when they are not necessary to answer the question.