Wiki User
∙ 2012-07-21 05:22:0014
Wiki User
∙ 2012-07-21 05:22:001000*(1.08)6 = 1586.87.
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
75
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40
1000*(1.08)6 = 1586.87.
1000+2.50 percent
Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".
60,000
62
The annual interest is 150 Add this to your originial investment and you have 1,150
75
Simple interest = 1000 * 5/100 * 3 = 150
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
200 intrest
The interest that Cash Net charges depends on the amount of the loan (how much you borrow, i.e., $100 vs $1000) and the duration of the loan (for how long you borrow, i.e., 1 week vs 1 month).