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Calculate the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
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∙ 10y ago
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Wiki User
∙ 10y ago
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What is the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
[{(3200*6)/100}/365]*60
How do you calculate 4.75 percent daily interest paid on a home equity loan over 8 years?
You can't. In order to make the calculation you need to know the amount of the loan, the interest rate, and the length of the amortization period. You're missing the amount of the loan.
How do you calculate the amount of interest that is paid on a loan?
$5000×.07×2
What is an Investment Interest calculator?
An investment interest calculator will calculate the amount of interest that you will have to pay on an investment on a home, car, or other type of big expense.
How much interest wll be earned if 20000 is deposited in a bank at 8.5 percent per annum?
The formula to calculate interest is (p * n * r)/100 where P - Principal amount deposit - Rs. 20,000/- N - Number of years - 1 year R - Rate of interest - 8.5% So interest = Rs. 1,700/- per year.
What is the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
[{(3200*6)/100}/365]*60
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
Calculate the simple interest on the amount of 550.00 at 7 percent for 1 year?
The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
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
Calculate the sum to which 6000 will amount in 5years at 12 percent per annum compound interest?
5,132.33^10
How do YOU calculate interest on working capital at the rate of 12 percent per annum?
(Amount of working capital/100)*12
Calculate the total amount paid for a new car if the car costs 12489 and is financed at 3.5 percent interest for 5 years?
14674.58
The formula for ordinary interest using exact time is?
The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.
How do you calculate nominal interest rate?
Nominal interest, is the amount of interest on a loan or investment that does not take into account inflation; it's the amount of interest listed on the loan or bond.
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
How do you calculate 4.75 percent daily interest paid on a home equity loan over 8 years?
You can't. In order to make the calculation you need to know the amount of the loan, the interest rate, and the length of the amortization period. You're missing the amount of the loan.
Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?
2.25
