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What is the term for the relationship among principle interest rate and time?
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∙ 11y ago
Time Value of Money
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∙ 11y ago
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What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
What is the relationship among proportional relationship lines rate of change and slope?
The rate of change is the same as the slope.
How do you find the rate in simple interest?
Rate= Interest/Principle x Time. For Example.... Camilla borrowed $2000,(That's the principle),the interest is $4,000 her year was 3, and it was 4% each year,(.04) Explanation.... $2000 x 3 = $6000...$4000 divided by $6000 = .7 (If you round it). The rate= .7
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
Which formula determines the interest amount on a loan?
Current (principle balance) x (interest rate per year) x (amount of time). Examples: ~for calculating monthly interest, it would be (principle balance) x (interest rate) / 12. ~for daily interest, it would be (principle balance) x (interest rate) / 365.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00 calculate your interest and your principle for two years?
18.90 as an interest. and principle wil remain same.
How do you find principle in math?
I=prt Switch the principle with the interest. Then work the equation out.
What does effective interest rate mean?
An effective annual interest rate considers compounding. When the principle is compounded multiple times each year the interest rate increased to be more than the stated interest rate. The increased interest rate is the effective annual interest rate.
How do you find simple interest using constructor in c plus plus?
#include<iostream.h> #include<conio.h> Class interest { Private: Float principle, time, rate, interest; Public: Interest (); Interest (float, float, float); Void display (); }; Interest:: interest () { Interest =0; Principle = 0; Time=0; Rate=0; } Interest:: Interests (float p, float t, float r) { Principle=p; Time=t; Rate=r; Interest=0; } Void interest:: display () { Interest = (principle * time * rate) /100; Cout<<"\n interest="<<interest; } Void main () { Float p, t, r; Cout<<"\n enter the principle, time, rate"; Cin>>p>>t>>r; Interest obj (p, t, r); Obj.dispay (); getch (); }
What is a fixed percent of a principle?
It is a fixed rate of simple interest.
Which equation represents how the interest on a loan is calculated?
Interest=Principle times rate times time
Which equation represents how the interest on the loan is calculated?
Interest=Principle times rate times time
Mathematically how do you find interest?
To calculate interest, you must first know the principle amount, the time of the term of the loan or investment, and the rate or percentage at which the principle amount grows. Once you have all three components, you then multiple the principle by the rate and then by the time.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
