0
Interest is the cost of borrowing money or the return on investment for deposited funds, typically expressed as a percentage of the principal amount. It is calculated based on factors such as the principal amount, the interest rate, and the time period involved. In financial terms, it can be categorized as either simple interest, which is calculated only on the principal, or compound interest, which is calculated on both the principal and the accumulated interest.
What else can I help you with?
R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
How much is 3 percent interest on 6000?
To calculate 3 percent interest on $6,000, multiply $6,000 by 0.03. This equals $180. Therefore, 3 percent interest on $6,000 is $180.
What is the simple interest if a principal over 20 years equals the borrowed principal?
It is 5%.
How do you find the time in I equals prt?
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
What does borrowing 20 thousand dollars at simple interest rate of 8.9 per cent for 72 months mean?
Simple interest is calculated: Interest= Principle X Rate X Time. In this case Interest= 20000 X .089 X 6 (72 months= 6 yrs) which equals $10680 in interest. You would owe/pay $30680 at the end of the 72 months.
What is the interest on principal of 2.000 borrowed at 17.5 rate for 6 months?
At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.
If the interest rate is zero the future value interest factor equals?
1.0
The equation for computing interest on an interest bearing note is as follows interest equals maturity value times interest rate times time?
yes
R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
What is the opportunity cost of acquiring new capital?
equals the interest
Mortality minus interest plus expenses equals?
Net Premium
How much is 3 percent interest on 6000?
To calculate 3 percent interest on $6,000, multiply $6,000 by 0.03. This equals $180. Therefore, 3 percent interest on $6,000 is $180.
What is the simple interest if a principal over 20 years equals the borrowed principal?
It is 5%.
Suppose that you plan on investing into an account paying simple interest The formula for simple interest is I equals Prt where I is the interest earned on a investment of P dollars at the given rate?
No. I is as described for the stated period.
How do you find the time in I equals prt?
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
What does Hobbies equal?
Hobbies equals an interest that is (usually) not part of someones normal work or career.
