0
15. Find the simple interest and the amount when: (a) Principal = Rs 6400, rate = 6% p.a. and time = 2 years (b)Principal = Rs 2650, rate = 8% p.a. and time = 212212 years?
mavie
when followed by a vowel sound or used as an emphatic form
Ottis Dickens
Add your answer:
Earn +20 pts
Concering compound interest as the amount of principal increase the amount of interest paid decreases?
false
What is the value of compound interest?
Compound interest increases the amount earned by adding credited interest to the principal, and interest will then be earned on that money as well. The longer the principal and interest remain in the account, the greater the earnings they will accrue.
What does the term principal reduction mean?
it means that you are reducing the amount of your original loan on the principal of your property....it's usually the amount less interest paid monthly that you are reducing.........thus the principal is reduced by that amount
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
How does amortization of the principal balance affect the amount of interest expense recorded each succeeding year?
reduces the amount of interest expense each succeeding year
Interest paid on both the principal and the interest accumulated on the principal is called?
amount
How do you spell principle and interest?
The correct spelling is principal and interest. The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
Concering compound interest as the amount of principal increase the amount of interest paid decreases?
false
What are principal and interest on a loan?
Principal is the amount you borrowed and interest is the money you give them as a 'gift' for letting you loan their money.
When referring to a loan how to do spell principle?
For loans, the primary amount is the principal, which must be repaid in addition to whatever interest is charged. Until the principal is completely paid, the loan agency will normally continue to charge interest.
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
The action of adding accrued interest to the principal balance is called?
capitalization. Capitalization is when all unpaid interest is added to the principal balance of your loan. Capitalization increases your total amount to be repaid because you will then have to pay interest on the increased principal amount.
The beginning amount used to calculate interest?
it is the principal amount... i.e., the amount for which u have to calculate the interest Enjoy!! Kush
How do you calculate fixed interest?
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
What is the principal on a loan?
It is the base amount of the loan, but not including interest.
Is the amount added to the principal of a loan by the lender?
interest
