Want this question answered?
1359.45
1,773.60
320
842.40
That's what I want to know
Each year you would receive 0.12 x 55,000 = 6,600 pounds simple interest. With no compounding 39,600 / 6,600 = 6 years
Simple interest: 144Compound interest: 152.64
19035 by simple interest
$48
$494.34 Interest= principal amount * time* simple interest %
Simple interest = 1000 * 5/100 * 3 = 150
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
You already gave the simple interest - 9 percent. Rethink and ask your question again.
Total simple interest = 2500*11/100*3 = 825
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
331/3 percent simple interest will double any amount in 3 years.
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.