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What else can I help you with?
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
Simple interest (compounded once) Initial amount(1+interest rate) Compound Interest Initial amount(1+interest rate/number of times compounding)^number of times compounding per yr
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
What is the formula for finding time when using simple interest?
time= interest/principal x rate likee yeahh thats it
Where can find the simple mathematical formula for calculating interest?
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
Is the federal prejudgment interest rate simple or compound?
The federal prejudgment interest rate is simple, not compound. It is calculated on the principal amount owed, without compounding over time.
What is the interest on principal of 2.000 borrowed at 17.5 rate for 6 months?
At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.
How do you figure out your total amount of money after interest?
It depends on whether it is simple or compound interest. The formula for simple interest is A = P(1+rt), where A = amount of money after t years, P = Principal, or the amount of money you started with, and r = the annual interest rate, expressed as a decimal (i.e. 7% = 0.07). For compound interest, the formula is A = P(1+r)t.
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
What is Simple interest is computed on?
Simple interest is computed on the principal amount, which is the initial sum of money borrowed or invested. It is calculated using the formula: Interest = Principal × Rate × Time, where the rate is the annual interest rate and time is the duration in years. Unlike compound interest, simple interest does not take into account any interest that accumulates on previously earned interest. Thus, it remains constant throughout the investment or loan period.
What is the correct formula for calculating interest on a loan?
The correct formula for calculating interest on a loan depends on whether it is simple or compound interest. For simple interest, the formula is ( I = P \times r \times t ), where ( I ) is the interest, ( P ) is the principal amount, ( r ) is the annual interest rate (in decimal), and ( t ) is the time in years. For compound interest, the formula is ( A = P (1 + \frac{r}{n})^{nt} ), where ( A ) is the total amount after interest, ( n ) is the number of times interest is compounded per year, and the other variables are as previously defined.
If you are borrowing which is best simple or compound interest?
If the rate of interest is the same, simple interest benefits the borrower. Compound interest charges (or pays) interest on the accrued interest as well as the principal amount. This is why the APR (annual percentage rate) may differ from the base interest rate on a loan, or on revolving credit balances.
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
Simple interest (compounded once) Initial amount(1+interest rate) Compound Interest Initial amount(1+interest rate/number of times compounding)^number of times compounding per yr
How simple interest and compound interest affect investment exercises?
Compound interest gives you more, but at a low interest rate (less than 10%), the difference is negligible.
