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Earn +20 ptsQ: What equals interest?
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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.
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