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Simple interest = money invested x rate/100 x number of years
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∙ 11y ago
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What is the simple interest to repay a loan in 3 years at the rate of 9 percent?
You already gave the simple interest - 9 percent. Rethink and ask your question again.
How do you know whether a maths question is asking you to work out compound or simple interest?
For the second (and subsequent) periods, if the interest is to be calculated for the original sum PLUS the interest earned so far then it is compound interest. If only the original amount earns interest in all periods then it is simple interest.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
Is the annual interest rate the same as 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.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
How much interest will be paid in 1 year for a loan of 2500 at 9 12 simple interest?
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Do you say write as simple as possible or write as simply as possible?
good question but its as simple as possible.
What is the simple interest to repay a loan in 3 years at the rate of 9 percent?
You already gave the simple interest - 9 percent. Rethink and ask your question again.
How do you know whether a maths question is asking you to work out compound or simple interest?
For the second (and subsequent) periods, if the interest is to be calculated for the original sum PLUS the interest earned so far then it is compound interest. If only the original amount earns interest in all periods then it is simple interest.
How do you find the time for principal and rate?
If you are working on simple interest you have to write the equation I=p. r.t
How do you write a C program to find the Simple Interest?
Reference:cprogramming-bd.com/c_page1.aspx#simpleinterest
How do you post question on answer?
It all very simple. Just go to the question section and write your answer and submit it.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
How can you write a complete fortran program to calculate a simple interest siprt100 given principal rate and time?
Solve simple intress usin fortran
What makes the simple interest simple?
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
Is the annual interest rate the same as 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.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
How much interest will be paid in 1 year for a loan of 2500 at 9 12 simple interest?
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
