0
Add your answer:
Earn +20 pts
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.
Solve simple investment problems using the simple interest rate method?
Alright, listen up, honey. To solve simple investment problems using simple interest, you just need to multiply the principal amount by the interest rate and the time period. Add the interest to the principal, and voila, you've got your total amount. It's basic math, darling, nothing to lose sleep over.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
How do you solve interest rate math problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
How do you do simple interest?
I=PRT I=Interest P=Pecuniary(money) R= Rate(interest) T= Time
How do you find time in simple interest?
time(t)= interest/rate , princaple
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
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.
Solve simple investment problems using the simple interest rate method?
Alright, listen up, honey. To solve simple investment problems using simple interest, you just need to multiply the principal amount by the interest rate and the time period. Add the interest to the principal, and voila, you've got your total amount. It's basic math, darling, nothing to lose sleep over.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
How do you find the time for principal and rate?
If you are working on simple interest you have to write the equation I=p. r.t
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.
What is the interest on 6282 earning 9 percent for 9 months?
You want to calculate the interest on $6282 at 9% interest per month after 9 months. The formula we'll use for this is the simple interest formula, or: I = P * r * t Where: P is the principal amount, $6282.00. r is the interest rate, 9% per month, or in decimal form, 9/100=0.09. t is the time involved, 9 months time periods. So, t is 9 month time periods. To find the simple interest, we multiply 6282 × 0.09 × 9 to get that: The interest is: $5088.42 Usually now, the interest is added onto the principal to figure some new amount after 9 months, or 6282.00 + 5088.42 = 11370.42. For example: If you borrowed the $6282.00, you would now owe $11370.42 If you loaned someone $6282.00, you would now be due $11370.42 If owned something, like a $6282.00 bond, it would be worth $11370.42 now.
How do you do interest rate problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
Why do guys disappear for months at a time and then reappear?
They were interested, then lost interest. Months later the interest is renewed, and then they lose interest again, probably for the same reasons as the last time.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
