Best Answer

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/-

Q: How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?

Write your answer...

Submit

Still have questions?

Continue Learning about Finance

1,773.60

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.

Principle: is the beginning amount of money that is deposited or owed. For instance, you deposit $100 or you take on a loan that is worth $100. The $100 is your principle amount. Interest: Is the cost of borrowing. The higher principle, the higher interest payment you will have to pay because the interest due is a percent of the Principle.

842.40

For every 100 squarzels you deposit, at the end of a year you get 9 squarzels and 45 ktuglas added to your deposit.

Related questions

1,773.60

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.

Simple Interest

60 x .0739 x 4 Multiply those together and tada

3000

2.88% means 2.88/100 = 0.0288 times principal 0.0288 * 575 = 16.56 * 3 = $49.68 simple interest

Principle: is the beginning amount of money that is deposited or owed. For instance, you deposit $100 or you take on a loan that is worth $100. The $100 is your principle amount. Interest: Is the cost of borrowing. The higher principle, the higher interest payment you will have to pay because the interest due is a percent of the Principle.

$5.77

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 %!

60 x 7.39 x 4 ie 1773.60

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.

The total value of the deposit will be $1248.929 at the end of 5 years. The year wise ending balance would be:918991.441070.7551156.4161248.929 This is under the assumption that the interest of 8% is compounded annually.