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In the formula for calculating interest the principal is multiplied by the rate and then multiplied by the?

time


How many times will the sum gets multiplied in 10 years at 20 percent per annum simple rate of interest?

To calculate the total amount after 10 years at a simple interest rate of 20% per annum, you need to consider that the interest is added to the principal each year. The sum will be multiplied by 1.2 (100% + 20%) each year for 10 years. Therefore, the sum will be multiplied 10 times over the course of 10 years.


How do you calculate the principal and interest payment for a loan?

To calculate the principal and interest payment for a loan, you can use the formula: Payment Principal x (Interest Rate / 12) / (1 - (1 Interest Rate / 12)(-Number of Payments)). This formula takes into account the loan amount (principal), the interest rate, and the number of payments.


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!


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.


What is the shape of DDR3?

Double Data Rate multiplied by three


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!


What the principal if the interest is 30 and the rate is 4 percent and the time is 2 years?

Principal = 30/[1.042 - 1] = 367.65


What is tools of monetary policy?

The principal tool is the discount rate (the rate the Federal Reserve System charges banks).


What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?

3000


What is the formula of distance as a function of time?

Since distance is rate multiplied by the amount of time at such a rate, this can be modeled D=rt


What is the principal means of comparing credit cards?

Annual Percentage Rate (APR)