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6 years

That would depend on the original principal (the amount you borrowed) and how they compute interest.

441

Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18

3000

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1282.5

$494.34 Interest= principal amount * time* simple interest %

Rs 80.

6 years

That would depend on the original principal (the amount you borrowed) and how they compute interest.

441

13,807.50

Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18

3000

Principal = 30/[1.042 - 1] = 367.65

1,773.60

Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000