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.
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
1257
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
The total value after 2 years is 15000 + 2496 = 17496.So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664(1 + r/100) = sqrt(1.1664) = 1.08so r = 8% pa.The total value after 2 years is 15000 + 2496 = 17496.So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664(1 + r/100) = sqrt(1.1664) = 1.08so r = 8% pa.The total value after 2 years is 15000 + 2496 = 17496.So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664(1 + r/100) = sqrt(1.1664) = 1.08so r = 8% pa.The total value after 2 years is 15000 + 2496 = 17496.So 17496 = 15000*(1 + r/100)2That is, (1 + r/100)2= 17496/15000 = 1.1664(1 + r/100) = sqrt(1.1664) = 1.08so r = 8% pa.
750.5% of 15000= 0.5% * 15000= 0.005 * 15000= 75
waht is the paymentwaht is the paymentTo payoff 15000, in 72 months with a interest rate of 10%,if would cost you $277.88 per monthsource:http://www.estimatepension.com/amortization-Schedule-Calculator.aspx
1500
18750
15000
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
15000
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
5 yrs @ 7% = 35% in total. 35% of 15000 = 35 x 150 = 5250
1257
15000 INR for 3 months old pair
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
You invested $15,000 in two accounts paying 6% and 8% annual interest, respectively.