18 months is 1.5 years, so you'll pay (1.5 x 11) = 16.5 percent of the principle at the end of that time. 16.5 % of 18,500 = (0.165 x 18,500) = $3,052.50
The formula used to calculate your interest is the principle balance, multiplied by the monthly interest rate. Then you mulitply that by the number of months in which you last paid interest.
$200
between 12½ months & 13 months
28 years and 9 months.
The month of May is both 10 months after, and 2 months before, July.
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
To calculate the interest paid on a loan of $800 at a 5 percent annual interest rate for 9 months, you can use the formula: Interest = Principal × Rate × Time. Here, the time should be in years, so 9 months is 0.75 years. Thus, the interest is $800 × 0.05 × 0.75 = $30. Therefore, the interest paid for the loan is $30.
200
3 months
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
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.
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
To calculate the interest earned on a $5,000 CD at an interest rate of 1.4% over 18 months, you can use the formula: Interest = Principal × Rate × Time. Here, the time is 1.5 years (18 months). So, Interest = $5,000 × 0.014 × 1.5 = $105. Therefore, the CD will earn $105 in interest over 18 months.
Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.
232.04 = one year 77.35 = 4 months
It means that the interest is paid out every three months (quarter year). That means that the interest paid out after 3 months is earning interest for the remaining nine months. The quarterly interest rate is such that this compounding is taken into account for the "headline" annual rate. As a result, if the quarterly interest is taken out, then the total interest earned in a year will be slightly less than the quoted annual rate.