If compounded, interest = 81.244 and balance = 456.245 If not compounded, interest = 75 and balance = 450
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
It depends on the rate of interest, how it is compounded, and how long it draws interest.
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
Yes: a year is not 50 weeks.
In terms of economics, compounded interest means the interest earned from the principal and added interest. In many cases, this method is always used by some internet scammers to lure people to invest.
Since the annual interest rate is given, the fact that the interest is calculated and compounded quarterly is not relevant. The interest is 750000*2.5/100 = 18750 pesos.
False. Interest upon interest is compounded interest
"Compounded annually" means that the interest is added once a year.
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
When a financial product pays compounded interest the investor earns interest on interest earned. For example, when $1,000 is invested at a compounded rate of 5 percent the principal balance of the investment would increase to $1,050 at the end of year one assuming annual compounding of interest. In year two the investor would receive interest at 5 percent on $1,050 for an interest payment of $52.50 in year two. Money left to accumulate at compounded interest can grow tremendously over time (see Compounded Earnings: Making Your Money Work for You).Banks offer compounded interest on savings accounts and certificates of deposit. Another method of obtaining a compounded rate of interest can be achieved by buying US Treasury issued zero coupon bonds which offer the advantage of long dated paper and the ability to know upfront what the compounded rate of return will be (see Zero Coupon Bonds Explained: Locking in Long Term Profits).
http://math.about.com/library/blcompoundinterest.htm is a great and easy website to calculate your compounded interest. It walks you through, step by step.
If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.
Compounded annually: 2552.56 Compounded monthly: 2566.72
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.
0.9938% per month, when compounded is equivalent to 12.6% annually.
Yes it can. Usually in the judgment itself it will state the interest rate wich applies.
It is approx 8.66%
I suspect that it will be 6.3!