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How many years does steven need to invest his 3000 at 7 percent tp earn 210 in simple interest?
Answer : 1 year The formula for calculating simple interest is I = PRT/100, where I = Interest, P = Principal Amount, R = Rate of Interest, T = Time. Then, 210 = 3000 x 7 x T/100 : 21000 = 21000T : Then T = 21000/21000 = 1
What is the formula for a simple compound interest rate?
Simple Interest = p * i * n p is principle and i is interest rate per period and n is the number of periods. A = P(1 + r)n is for compound interest.
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
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.
When calculating simple interest you should first?
When calculating simple interest, you should first
Definition of simple interest?
Simple interest is a term that is used for quickly calculating the interest charge on a loan.
what is the formula of simple interest?
The formula for simple interest is: A=P(1+rt)
Which programming language can be used for calculating area of a polygon?
Any of them. Calculating the area of a polygon is a relatively simple mathematical task.
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What should you do first when calculating simple interest?
change the percent to a decimal
What is k x p x t r x 100 x 365?
It is an algebraic expression. It resembles the formula for calculating the simple interest, but there are several discrepancies.
How many years does steven need to invest his 3000 at 7 percent tp earn 210 in simple interest?
Answer : 1 year The formula for calculating simple interest is I = PRT/100, where I = Interest, P = Principal Amount, R = Rate of Interest, T = Time. Then, 210 = 3000 x 7 x T/100 : 21000 = 21000T : Then T = 21000/21000 = 1
How is the formula for simple interest used?
PxRxT 100
What is the formula for calculating amplitude?
if you are studying a (simple) wave described by: x = A sin(kt) then A = amplitude
