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Another answer from Apex is... compounding frequency
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Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
Calculate the simple interest on 3050 at 11.5 percent for 7 years?
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
What is the simple interest of 7 per annum on 180000?
To calculate simple interest, you can use the formula: Simple Interest = Principal × Rate × Time. For a principal of 180,000 at an interest rate of 7% per annum over one year, the calculation would be: Simple Interest = 180,000 × 0.07 × 1 = 12,600. Thus, the simple interest after one year is 12,600.
Which of these steps should be performed first to calculate simple interest?
change % to decimal
How do I Calculate interest on 100000?
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?
1,773.60
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
What is the algorithm and flowchart to calculate the simple interest for 5 customers?
algorithms is language independent
