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Which of these steps should be performed first to calculate simple interest?

Anonymous

∙ 14y ago

Updated: 9/16/2023

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∙ 14y ago

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Q: Which of these steps should be performed first to calculate simple interest?

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Continue Learning about Math & Arithmetic

Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?

Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.

How do banks calculate simple interest?

The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.

If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?

18.90currency as an interest..

Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?

The simple interest over a period of five years is $463.70

Calculate the simple interest on the amount of 567.23 at 5 percent for two years?

56.72

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Related Questions

Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?

Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.

How do you calculate simple interest earned?

simple interest = principle (money) times the rate times the time

When calculating simple interest you should first?

When calculating simple interest, you should first

How do banks calculate simple interest?

The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.

How do I Calculate interest on 100000?

To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.

Calculate the daily interest on an annual rate of 18 percent?

it depends on wheather the interest is simple or compound also you should tell me how much money you put in the bank to begin with but lets calculate the interest on one dollar : if it is simple interest then: I=P*R*T where T is in years =1*18/100*1/360 interest on one dollar principal is 0.0005 $ if it is compound interest then: I= P*(R+1)^T-p =0.00046 which is about the same as the simple interest one multiply my answer by the amount that you put into the bank origonally to find out ur interest hope i helped

If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?

18.90currency as an interest..

Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?

1,773.60

Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?

The simple interest over a period of five years is $463.70

What is the algorithm and flowchart to calculate the simple interest for 5 customers?

algorithms is language independent

Calculate the simple interest on the amount of 567.23 at 5 percent for two years?

56.72

which of the following is not to calculate simple interest?

Another answer from Apex is... compounding frequency

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