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If the interest is 10 per annum for 3 three years how do you do the math for the total?
Assuming simple interest, the formula is Interest = Principal x Time x Rate/100, in this case the interest would be 30% of the original investment.
If the interest is compounded yearly the the formula is Principal x (1 + Rate/100)^Time so that the new total would be (1 + 0.1)^3 ie 1.331 times the original investment, a total of 33.1% interest.
What else can I help you with?
What is the future value of 210000 with 4 percent interest in 8 years?
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
How much time will it take for an amount of rs450 to yield rs81 as interest at 4.5 percent per annum of simple interest?
5 years
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
What is the total amount that First Consumer Bank will receive after lending Jane 7000 for three years at an interest rate of 5 percent compounded annually?
To calculate the total amount First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5% compounded annually, we use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the total amount, ( P ) is the principal amount ($7,000), ( r ) is the interest rate (0.05), and ( n ) is the number of years (3). Plugging in the values, we get: [ A = 7000(1 + 0.05)^3 = 7000(1.157625) \approx 8126.38. ] Thus, First Consumer Bank will receive approximately $8,126.38 after three years.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
How many times will the sum gets multiplied in 10 years at 20 percent per annum simple rate of interest?
To calculate the total amount after 10 years at a simple interest rate of 20% per annum, you need to consider that the interest is added to the principal each year. The sum will be multiplied by 1.2 (100% + 20%) each year for 10 years. Therefore, the sum will be multiplied 10 times over the course of 10 years.
What is the future value of 210000 with 4 percent interest in 8 years?
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
What is interest of rs 200000 at the rate of 11.5 percent per annum for 3 years?
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
What is the principal amount which earns Rs24 as simple interest for 3 years at 10 percent interest per annum?
Rs 80.
How much time will it take for an amount of rs450 to yield rs81 as interest at 4.5 percent per annum of simple interest?
5 years
What would be the interest on 231700 at 3 percent per annum for 5 years and 7 months?
It is 41575.40
In how may years a sum of money at the rate of 10 percent simple interest per annum will triple itself?
30 years
What is the present worth of Rupees.132 due in 2 years at 5 percent simple interest per annum?
120
In what time will 2700 yield the same interest at 4 per annum as 2250 in 4 years at 3 per annum?
Oh, what a lovely question we have here! To find the time it takes for 2700 to yield the same interest as 2250 in 4 years, we simply need to compare the interest rates. Since the interest rates are different, we can use a formula called the "interest formula" to solve for the time needed. Let's embrace the joy of solving this together!
What is 3 percent of 100.00 per annum for 6 years?
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
How do you translate annum into years?
I believe an annum is one year. (ie; $50,000 per annum - per year)
