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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.
What else can I help you with?
If you borrow rs 1200 on simple interest of 15 percent then the amount after 10 years will be?
For simple interest, just multiply the capital times the interest (converted to a decimal, that is, percentage / 100) times the number of years.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
What is the amount of simple interest on 290000.00 at 5 over 10 years?
The simple interest in this case is $145,000. It is calculated by multiplying the amount by the interest rate and the length of time.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
If you borrow rs 1200 on simple interest of 15 percent then the amount after 10 years will be?
For simple interest, just multiply the capital times the interest (converted to a decimal, that is, percentage / 100) times the number of years.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
How is simple interest calculated in banks?
They use the below formula: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest If you substitute the numbers corresponding to the amount that you deposit, the number of years and rate of interest, you can get the actual interest amount
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
What is the principal amount which earns Rs24 as simple interest for 3 years at 10 percent interest per annum?
Rs 80.
