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The interest earned on an investment can be calculated with the formula you prt where you interest p principal r interest rate and t time If p 600 r 0.05 and t 8 what is the value of you?
Wiki User
∙ 15y ago
This is applying simple interest of 5% per term, for 8 terms, and finally, multiplying it by the $600 principal. 600 x 0.05x8 equal to 240 $.
Wiki User
∙ 15y ago
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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 is the formula for finding the annual payment for an investment?
Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?
time
How do you calculate a continuous compounding interest?
Continuously compounded interest is interest that is constantly being calculated and added to a balance. It can be calculated using the formula, A=Pe Rt. A stands for the total amount, P stands for the original investment, E stands for the constant 2.7183, R stands for the interest rate as a decimal, and T stands for the number of years.
What is the Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
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 is different about compound interest from normal interest?
Compound interest is calculated on the initial principal plus any accumulated interest, resulting in interest earning interest over time. Normal interest, on the other hand, is only calculated on the initial principal amount and does not take into account any interest that has already been earned.
What is the formula for finding the annual payment for an investment?
Principal x Rate x Time. For example: $180,000 (cost of investment) x 0.067 (6.7% interest) x 30 (years)
How calculated effective yield?
Effective yield is calculated by taking into account the impact of compounding interest on an investment. It is the total return on an investment over a specific period, factoring in both interest payments and the effects of compounding. The formula for effective yield is: Effective Yield = (1 + (Nominal Interest Rate / Compounding Period))^Compounding Period - 1.
What is the maths formula for compound interest?
The formula for compound interest is A = P(1 + r/n)^(nt), where: A = the future value of the investment P = the principal investment amount r = the annual interest rate (in decimal form) n = the number of times that interest is compounded per year t = the number of years the money is invested for
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
How do you calculate a continuous compounding interest?
Continuously compounded interest is interest that is constantly being calculated and added to a balance. It can be calculated using the formula, A=Pe Rt. A stands for the total amount, P stands for the original investment, E stands for the constant 2.7183, R stands for the interest rate as a decimal, and T stands for the number of years.
In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?
time
Where can find the simple mathematical formula for calculating interest?
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
What is the Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
How to calculate a profitable real eatate investment?
A profitable in real estate investment can be calculated using the following formula: Return on investment (ROI)=(gain from investment-cost of investment)/cost of investment.
