$494.34
Interest= principal amount * time* simple interest %
120
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
3
S.I. = (P x R x T)/100 where R is rate, T is time, P is Original sum and S.I. is simple interest. 800x100 = P x R x T P = 80000/(5x7) = 80000/35 = 2285.71 So, the original sum is Rs 2285.71
Simple interest: 144Compound interest: 152.64
Rs 80.
30 years
5 years
120
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
3
It will grow to nine eighths of the original sum.
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
If the 3% is "simple" interest, then the $100 earns an extra $18 in 6 years. If the interest is compounded yearly, then it earns $19.41 extra. If the interest is compounded weekly, then it earns $19.72 extra.
It is 41575.40
P.C.P.A. is the "Percent Compounded Per Annum." This measurement is used when trying to determine the compound interest for previous years.