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What is the interest on a 1000 note for 1 month at 8 annual interest rate?
Wiki User
∙ 7y ago
$6.66
Wiki User
∙ 7y ago
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The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
The formula for computing interest on a note is principal of the note times the annual interest rate times time expressed in years?
I = (P x T x R)/100
how you convert mm to linear meters?
You multiply it by 1000. eg : 5000 mm X 1000 = 5 meters. ******************************** Correction to above answer! Note: you divide (not times) by 1000 to convert millimetres to metres eg : 5000 / 1000 = 5 metres
What is the weight of one crore rupees?
If it is 1000 rupee note one crore rupees is is equal to 35kg
What is the name of the number after septrillion?
The name of the power of 1000 after septillion (note the slight alteration in spelling), is octillion.
The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
If a company borrows money from a banks as an installment note the interest portion of each annual payment will?
Equal the interest rate on the note times the carrying amount of the note at the beginning of the period.
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
The formula for computing interest on a note is principal of the note times the annual interest rate times time expressed in years?
I = (P x T x R)/100
Why do you pay less interest in the second month of a mortagre than the first?
Interests are usually paid on the basis of how much you owe. Here is an example. You borrow $20,000, and you agree to pay $1000 of the capital every month, plus an interest rate of 12% a year (i.e., 1% a month) of the remaining debt. (Note that I chose numbers in such a way as to make the calculations easier to follow.) Thus, you would pay: The first month: Capital: $1000; interest: 1% of 20,000 = $200; and you still owe $19,000. The second month: Capital: $1000; interest: 1% of 19,000 = $190; and you still owe $18,000. Etc. - the main point is that the amount of interest you pay gets less and less over time, because you owe less and less, as you pay off your debt.
1. The interest on a 50000 note at 9 for 4 months is?
6000 is the interest for 4 months on a 50000 note. 1500 is the interest for 1 month at a rate of 9 per year which gives 18000 per year.
What time of year do banks pay interest on your savings account?
Though Banks advertise interest rates of savings accounts in terms of " x% per annum (p.a)" , interest is credited to account on monthly basis, not yearly. That is, if your savings account balance is $1000 and your savings account interest rate is 10%p.a then you will get $100 as total interest for a year. ((1000$/100) x 10 = $100) But, you will be credited $8.33 monthly as interest. ($100/12 months = $8.33)Therefore, Banks do not have certain time of the year to pay interest on savings accounts, but they pay interest monthly. The day of the month where the interest will be credited is differ according to the bank and there is no standard mentioned.However, it is important to note that there are savings accounts with 0% interest rate (i.e Muslim banking systems) as well as savings accounts with multiple interest slabs and interest will be paid twice a month or more etc.
What is a interest bearing note payable?
Is interest deduct before the note payed out.
What is government note that is repaid with interest?
what is it called when goverment note that is repaid with interest?
How much interest per month on a 40000 note at 4 percent?
I = prt <-- formula for simple interest, but the rate must be the monthly rate for your problem. Per month means one month (time, t) 4% = 0.04 is an anual interest rate .... monthly rate (r) = 0.04/12 so... I = 40,000 x 0.04/12 x 1 --- multiply and divide to get the answer. Another way: find anual interest, then divide by 12 for monthly interest.
Juan bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?
Juan Juan bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?bought a pickup truck for 16000 He paid 1000 down and borrowed the rest on a one year note at 16 interest How much will he owe at the end of one year?
When was the 1000 bill first printed?
The first item that could be called a Federally-issued $1000 bill was actually an interest-bearing note released in 1861. However it wasn't intended for general circulation. The next year, a $1000 United States Note was released, and is normally considered to be the first official thousand-dollar bill.
