If it is simple interest, then it is 2700. ■
0.9938% per month, when compounded is equivalent to 12.6% annually.
5 years
It would come out to about $250 a month at 1% per annum.
5,132.33^10
If it is simple interest, then it is 2700. ■
0.9938% per month, when compounded is equivalent to 12.6% annually.
P.C.P.A. stands for Percent Compounded Per Annum.
It means the percent of interest paid annually (p.a. means per annum).
$494.34 Interest= principal amount * time* simple interest %
It's 11/12 percent of whatever principle you still owe.
60.75 per annum.
11501 per annum.
Rs 80.
It is 41575.40
216% per annum
P.C.P.A. is the "Percent Compounded Per Annum." This measurement is used when trying to determine the compound interest for previous years.