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How has the brain progressed over time?
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
Because people's interest has changed over the years.
Nokia phones over the years are smaller in size and have faster speeds. They also have more technical features such as internet capabilites and music downloads.
The interest will be 8973.59 approx.
Normal interest is not calculated over a period of time. It is just the formula to calculate the interests gained. Compound interest is calculated over more time periods such as years.
If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).
it hasn't
The simple interest over a period of five years is $463.70
The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.
Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny
It earns 431.0125 . After 4 years, it has grown to 2,431.01 .