Tags Math and Arithmetic

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Math>Math & Arithmetic

How does penalty interest calculated?

Anonymous

∙ 13y ago

Updated: 9/15/2023

Penalty interest is calculated from the required and projected balance

Wiki User

∙ 13y ago

Still curious? Ask our experts.

Chat with our AI personalities

Lao

The path is yours to walk; I am only here to hold up a mirror.

Chat with Lao

Rene

Change my mind. I dare you.

Chat with Rene

Judy

Simplicity is my specialty.

Chat with Judy

Add your answer:

Earn +20 pts

Q: How does penalty interest calculated?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Math & Arithmetic

How is accumulated interest calculated?

Accumulated or compound interest is calculated by adding interest to both the principal and any interest accumulated up to the point of the calculation.

What is the interest calculated only on the principal?

simple interest

What is a simple interest in math?

Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.

What interest is calculated on both the amount borrowed and any previous interest?

Compound interest, but only if the previous interest is accumulated.

What is 16 percent interest rate on 3000 over a year?

That depends on exactly how the interest is calculated. If its calculated once per year the answer would be: 3000 * 16 = 48.000 / 100 = 480,- If your interest is calculated per month or per 3 months the interest is going to be slightly more.

Trending Questions

What bible verse has the word bubble-For a sciece question-the word bubble used anywhere in bible? Why do experts recommend that webinars last no more than 90 minutes? How many ways can 12 true and false be arrange? What is 10 percent off 79.00? What is the area of a rectangle with a length of 25 feet and a width of 2 feet? Are Continental Math League problems harder than Mathcounts problems? What is round and rhymes with the word round? What is one percent of one hundred? How do you write 3.4 thousand? What is the GCF of 250 and 1? What is 3cm 25mm equal to? What does the math term noncollinear mean? What number between 10 and 100 has an odd number of factors? How did the cree get around from place to place? What do they mean by the product of 3 and 4? What is one and one third divided by two? What process is shown? How many yards in 112 square feet? What does 03125 equal in percentages? What is the value of 10.4 - 2.86?

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.