The interest is 5980*1536/100*6 = 5597.28 And the total amount is 11577.28
Rate of interest.
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
289 in the first year.
It is 240 currency units.
$494.34 Interest= principal amount * time* simple interest %
U get a amount of 30.
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.
The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
Company has paid 2000 cash for interest due to which interest payable reduced by 2000.
principle, interest, insurance and taxes
the principal the rate the time the interest
Interest alone would be 4.871463646 times the amount of the principle.
8.5% of 700000 = 59500
It is 38.5 units.