10000 x (1.08)2 = 11664
In 2.54 years the compound interest will amount to 282.39 in both cases.
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
$494.34 Interest= principal amount * time* simple interest %
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
120
In 2.54 years the compound interest will amount to 282.39 in both cases.
5,132.33^10
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
P.C.P.A. is the "Percent Compounded Per Annum." This measurement is used when trying to determine the compound interest for previous years.
$494.34 Interest= principal amount * time* simple interest %
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
Rs 80.
5 years
An interest rate as a percentage is the one flat rate you must pay. Interest rate per annum is a compound interest, determined every year that the loan (or whatever) has not been paid back. Say, if you owed me $100 with a 1% per annum interest rate. You have to pay me back $101. If you have not repaid the loan, the next year you would have to pay me an extra 1% of $101, and so on.
(Amount of working capital/100)*12
Usually savings accounts give an interest of around 3.5% to 4% per annum. So if the ROI is 3.5% you will get Rs. 29/- every month If the ROI is 4% you will get Rs. 33/- per month Formula = ((10000 * 1 * 3.5) / 100)/12)
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95