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How long does it take a principal of RM 25000 at a simple interest rate of 5 percent to become RM 30000?
4 time periods (eg 4 years if the 5% simple interest were added each year).
In simple interest, the interest is added, but attracts no interest itself (that is compound interest) - only the original value attracts the interest:
5% of RM 25000 = RM 1250 added each time
RM 30000 - RM 25000 = RM 5000
RM 5000 ÷ RM 1250 = 4 time periods
What else can I help you with?
What is a fixed percent of the principal in math?
Simple Interest
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
What is the simple interest per year on a principal of 500 at a rate of 7 percent?
35
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
What is the simple interest on a principal of 4200 invested at an interest rate of 8 percent for 3.5 years?
42 x 8 x 3.5 ie 1176
What is a fixed percent of the principal in math?
Simple Interest
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
If the principal is 350 and the interest rate is 3 percent what is the simple interest earned in one year simple interest P and times r and times t?
I
What is the simple interest per year on a principal of 500 at a rate of 7 percent?
35
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous 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
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
How is simple interest simalar to percent?
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
What is the principal amount which earns Rs24 as simple interest for 3 years at 10 percent interest per annum?
Rs 80.
