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Dr Sand borrowed some money to buy new furniture for her office She paid 245.00 simple interest on a 3.5-year loan at 3.5 percent Find the principal?
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∙ 11y ago
2000
Wiki User
∙ 11y ago
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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
What is the monthly interest payment on 30 thousand dollars borrowed against a credit card with 30.0 percent apr?
$750 / month in interest rates.
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 72 percent for three years?
842.40
How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
The Carlisles borrowed 94000 to buy their first home The interest rate on their loan was 7.5 percent for 20 years How much interest will they have paid after 20 years?
141000
How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
What is a fixed percent of the principal in math?
Simple Interest
What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
What Is the percent of the principal paid as interest per time period?
It is an increasing percentage as the repayment progresses. At the start, it is mostly interest and very little principal whereas near the end it is mostly principal and little interest.
Is the percent of the principal paid as interest per time period.?
yes
Is the percent of the principal paid as interest per time period Answer?
yes
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What the principal if the interest is 30 and the rate is 4 percent and the time is 2 years?
Principal = 30/[1.042 - 1] = 367.65
Six hundred dollars is borrowed at an interest rate of 1.4 percent per month Find the interest for a 30-month period?
252
If 1100 is borrowed for 2 years at 9 percent simple interest how much interest is paid?
It is 1100*(2/100)*9 = 198
