The interest paid annually is 700*5/100 = 35
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
You already gave the simple interest - 9 percent. Rethink and ask your question again.
Total simple interest = 2500*11/100*3 = 825
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).
Interest = 2472
1257
Simple interest: 144Compound interest: 152.64
19035 by simple interest
$48
It is approx 77393.69 units of currency.
Simple interest = 1000 * 5/100 * 3 = 150
$494.34 Interest= principal amount * time* simple interest %
If the interest is simple interest, then the value at the end of 5 years is 1.3 times the initial investment. If the interest is compounded annually, then the value at the end of 5 years is 1.3382 times the initial investment. If the interest is compounded monthly, then the value at the end of 5 years is 1.3489 times the initial investment.
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .