50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07)2 - 5000 ie 724.50 Compound Interest
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.
6 years
That would depend on the original principal (the amount you borrowed) and how they compute interest.
56.72
The amount, P, is the principal. If the rate is r% compounded annually for y years, then the total interest earned is P*[(1 + r/100)^y - 1]
it is the principal amount... i.e., the amount for which u have to calculate the interest Enjoy!! Kush
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.
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
$494.34 Interest= principal amount * time* simple interest %
1282.5
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
Rs 80.
6 years
That would depend on the original principal (the amount you borrowed) and how they compute interest.
32
amount
56.72