Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
1/12th of 5% because there are 12 months in a year. ANSWER:- 1/60th per cent, which is the same as 0.01667 of the amount invested.
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
1200
7% of 3,000 for 6 month
Yes.
It depends on the period. -- If the period is 1 year, the future value is 3.996 . -- If the period is 6 months, the future value is 2.026 . -- If the period is 3 months, the future value is 1.428 . -- If the period is 2 months, the future value is 1.269 . -- If the period is 1 month, the future value is 1.196 . These are compounded values. If interest is simple, then the value after 18 years is 2.44 .
The average amount a man should spend on his future wife's engagement ring is three months salary. That is based on an approximate income of $1500 per month.
4326 = p + ptr/100 where p is original investment, t is time (1) and r is rate per cent (5)4326 = p + 5p/100432600 = 105pp = 432600/105 = 4120is that divided by 100, shouldn't you add a 12 there for the amount of months he invested
Multiply the principal (P) by the annual* interest rate as a decimal (r) and the time in years* (t). *The time period may be expressed in months, etc. For example, $2000 invested at 7% simple interest for 5 years: I = Prt = 2000x0.07x5 = 140x5 = $700.
3000*(7/100)*(6/12) = 105 dollars
yes there is in about 4 months into the future