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A sum of money at simple interest amounts to Rs 815 in 3 years and to Rs 854 in 4 years What is the principle amount invested?
Wiki User
∙ 10y ago
Suppose the principle is Y and the interest rate r. Then Y + 3rY = 815
Y + 4rY = 854
rY = 39
So Y + 3*39 = 815
Y = 815 - 3*39 = 815 - 117 = 698
Wiki User
∙ 10y ago
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The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
A principal of 950 is invested in an account at 7 percent per year simple interest What is the amount of the principal after 5 years?
1282.5
Siva invested an amounty of Rs 12000 10 p.c.p.a SI and another amount 20 p.cp.a SI the total interest earned at the end of 1 yr on the toatal amount invested became 14 p.cp.a . find the toatal amo?
10000
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
The amount of capital the physician has invested in the practice is referred to as what?
The amount of capital that a physician has invested in the practice is referred to as the principle amount. The principle amount is usually expected to earn interest over time.
What is a principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What is the relationship between amount invested interest rate and amount invested?
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What is the daily interest on one billion dollars?
It depends on the interest rate at which the amount is invested.
How are interest and principal related?
Principle: is the beginning amount of money that is deposited or owed. For instance, you deposit $100 or you take on a loan that is worth $100. The $100 is your principle amount. Interest: Is the cost of borrowing. The higher principle, the higher interest payment you will have to pay because the interest due is a percent of the Principle.
What it is the amount of loan plus interest?
Typically, this is called "Principle and Interest" (or P&I). If the taxes and insurance is added to this, it is known as PITI. The actual amount depends on many factors, including the principle amount, the interest rate, and the length of the loan.
Is the amount of the loan plus the interest?
Typically, this is called "Principle and Interest" (or P&I). If the taxes and insurance is added to this, it is known as PITI. The actual amount depends on many factors, including the principle amount, the interest rate, and the length of the loan.
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
What is the amount of a loan before adding interest and fees?
The Principle.
What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
How do you spell principle and interest?
The correct spelling is principal and interest. The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.
