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Find the simple interest. Round your answer to the nearest cent. Principal - 68200 Rate equals 9 percent Time in years equals 3?
Wiki User
∙ 12y ago
68200*0.09*3=18414
note: have to move the rate to places over
Wiki User
∙ 12y ago
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R equals 4600 8.73 percent interest compound quarterly for 9 year?
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Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
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The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
Say you bought your truck for 12000 almost 3 years ago you have been paying over 300 a month for it since then how do you still owe 13692 on it?
The difference in the money amount is the interest you are paying on the loan. The formula is Interest=principal (amount of the loan)xrate of interest x time(lenght of time you pay the loan off. I= PxRxT Interest equals the principal x rate of interest x Tim (payoff time). Hope this helps.
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Yes
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p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100
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62000 x 3/17 = 10941.18
