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500*6/100*3 = 90
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
I= Prt I=interest P=principal r=rate t=time
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
500*6/100*3 = 90
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
I= Prt I=interest P=principal r=rate t=time
the number equals
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
With simple interest the interest is on the capital only. For 2 years, the interest is 2 × 8% of 5,000 = 2 × 8/100 × 5,000 = 800
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
18.90currency as an interest..
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
The simple interest over a period of five years is $463.70