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How much interest is earned on R9 000 invested for five years at 8 percent per annum and compounded annually?
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?
0.9938% per month, when compounded is equivalent to 12.6% annually.
Per annum is how long?
yearly/annually
Calulate 10 percent annum of 600.00?
60
What is 12 percent per annum on 250.00?
30.00
How much interest is earned on R9 000 invested for five years at 8 percent per annum and compounded annually?
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
What does 4.9 percent p. a. interest mean on a credit card?
It means the percent of interest paid annually (p.a. means per annum).
How much per annum is 18 percent per month?
To calculate the annual interest rate of 18 percent per month, you first need to multiply the monthly rate by 12 to get the annual rate. So, 18 percent per month would be 18% x 12 = 216% per year. This means that the interest accrued annually would be 216% of the initial amount borrowed or invested.
What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?
0.9938% per month, when compounded is equivalent to 12.6% annually.
How long is an annum?
annum = one year per annum = per year annually = yearly
A sum invested at 5 percent simple interest per annum in 2.5 years will grow to?
It will grow to nine eighths of the original sum.
Per annum is how long?
yearly/annually
What does per annum mean and where does it come from?
annually/ yearly
What is PF Returns?
8.6% per annum compounded annually
What is 7 percent per annum on 164300?
11501 per annum.
What is 9 percent per annum of 675.00?
60.75 per annum.
Effective rate of return?
The nominal rate of return adjusted for more frequent calculations (compounding) than once per annum.
