868 is the principal (note correct spelling!)
4
$3,616.67
331/3 percent simple interest will double any amount in 3 years.
It will take 10 years.
Invest at an amount of 200000 at a bank that offers an interest rate of 7,6%p.a Compounded annually for a period of 3 years
y = ln(3)/ln(1.0575) = 19.65 years, approx.
Matt will have $2,298.65.
If the interest rate was eight percent, it would take about 9 years to double your principle.
18.90currency as an interest..
A= Principle amount(1+ (rate/# of compounded periods))(#of compounding periods x # of years)
18.90 as an interest. and principle wil remain same.
It is a fixed rate of simple interest.
To calculate interest, you must first know the principle amount, the time of the term of the loan or investment, and the rate or percentage at which the principle amount grows. Once you have all three components, you then multiple the principle by the rate and then by the time.
$926.35
331/3 percent simple interest will double any amount in 3 years.
6 years
i assume you are referring to an amortization schedule.
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
Current (principle balance) x (interest rate per year) x (amount of time). Examples: ~for calculating monthly interest, it would be (principle balance) x (interest rate) / 12. ~for daily interest, it would be (principle balance) x (interest rate) / 365.