Compound interest functions can be represented as
[(1+i)^t]*n, where
i = interest rate
t = time
n = original number
[(1.05)^5]*1500
= $1914.42
The interest will be 8973.59 approx.
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
9999.00
225,530.30
That depends on whether it's simple interest or compound interest.If compound, then it also depends on how often interest is compounded.Examples:$1,200 at 4% simple interest for 30 years adds up to $2,640.$1,200 at 4% interest compounded quarterly for 30 years adds up to $3,960.46.You can see that it does make a difference.
Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.
The interest will be 8973.59 approx.
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
200000000 dollars
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
9999.00
225,530.30
Eleven..? months? years?. Simple or compound interest?
That depends on whether it's simple interest or compound interest.If compound, then it also depends on how often interest is compounded.Examples:$1,200 at 4% simple interest for 30 years adds up to $2,640.$1,200 at 4% interest compounded quarterly for 30 years adds up to $3,960.46.You can see that it does make a difference.
The total interest would be 73606.07 dollars, approx.
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
477,567