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To calculate the interest due on $250 at an interest rate of 11% per year for 2 years, you can use the formula for simple interest: ( I = P \times r \times t ). Here, ( P = 250 ), ( r = 0.11 ), and ( t = 2 ). Plugging in the values, the interest is ( I = 250 \times 0.11 \times 2 = 55 ). Therefore, the interest due is $55.
What else can I help you with?
What annual installment will discharge a debt of Rs 1450 due after five year at 8 percent pa simple interest?
Well, isn't that a lovely question? To find the annual installment that will discharge a debt of Rs 1450 in five years at 8% simple interest, we can use a simple formula. Just divide the total amount by the number of years to find the annual payment. In this case, Rs 1450 divided by 5 years equals Rs 290. So, an annual installment of Rs 290 will help you clear that debt and bring a sense of peace and balance to your financial world.
What is interest cover?
Interest cover means how much profit is available to pay the fixed interest expenses when due.
Interest due on a note payable?
soes big lot have any notes payable if so when are they due and what interest rate are they paying back.
What is the difference in the total amount of interest earned on a 1000 investment after 5 years with compounding interest quarterly versus compounding interest monthly in Activity 10.5?
The difference in the total amount of interest earned on a 1000 investment after 5 years with quarterly compounding interest versus monthly compounding interest in Activity 10.5 is due to the frequency of compounding. Quarterly compounding results in interest being calculated and added to the principal 4 times a year, while monthly compounding does so 12 times a year. This difference in compounding frequency affects the total interest earned over the 5-year period.
What are the interest rates on fast loans?
Interest rates vary daily on fast loans just like they do on every other loan available. You will find that fast loans are much much higher in rates due to the nature of the loan and that business.
What annual installment will discharge a debt of Rs 1450 due after five year at 8 percent pa simple interest?
Well, isn't that a lovely question? To find the annual installment that will discharge a debt of Rs 1450 in five years at 8% simple interest, we can use a simple formula. Just divide the total amount by the number of years to find the annual payment. In this case, Rs 1450 divided by 5 years equals Rs 290. So, an annual installment of Rs 290 will help you clear that debt and bring a sense of peace and balance to your financial world.
When is coal due to run out?
Coal resources are predicted to last at least 250 years at the current use rate
What would 5 percent interest on 20.000 over 5 years?
To calculate 5 percent interest on $20,000 over 5 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be ( 20,000 \times 0.05 \times 5 = 5,000 ). Therefore, the total amount after 5 years would be $20,000 (principal) + $5,000 (interest) = $25,000. If compounded annually, the total amount would be higher due to interest on interest.
What amount 1.5 years from now is equivalent to 7000 due in 8 years if money can earn 6 percent compounded semiannually?
To find the equivalent amount 1.5 years from now for $7,000 due in 8 years at a 6% interest rate compounded semiannually, we first calculate the present value of $7,000 at that point in time. The interest rate per period is 3% (6%/2), and there are 16 periods (8 years × 2). Using the present value formula ( PV = FV / (1 + r)^n ), we find the present value of $7,000 in 1.5 years (3 periods), which can be calculated as ( 7000 / (1 + 0.03)^{16} ) to find its value at that time. Finally, we calculate that present value and then determine its future value 1.5 years from now.
How much interest is due on a loan of 20000 to be repaid at end of 7 months in one payment with interest at 11?
To calculate the interest due on a loan of $20,000 at an annual interest rate of 11% for 7 months, you can use the formula: Interest = Principal × Rate × Time. Here, the time in years is 7/12. The calculation would be: Interest = $20,000 × 0.11 × (7/12) = $1,616.67. Therefore, the total amount to be repaid at the end of 7 months would be $21,616.67, with $1,616.67 being the interest due.
How much simple interest is due on a loan of 1 200 for two years if the annual 1 rate of interest is 5.5 per cent?
To calculate the simple interest, use the formula: ( \text{Interest} = P \times r \times t ), where ( P ) is the principal amount, ( r ) is the annual interest rate, and ( t ) is the time in years. Here, ( P = 1200 ), ( r = 0.055 ) (5.5% expressed as a decimal), and ( t = 2 ). Thus, the interest is ( 1200 \times 0.055 \times 2 = 132 ). Therefore, the simple interest due on the loan is $132.
What equal annual installment will discharge a debt of 2070 due in 5 years at 10 percent simple interest?
345
What is the present worth of Rupees.132 due in 2 years at 5 percent simple interest per annum?
120
Joel Osteen is Illuminati?
If he was born in Europe at least 250 years ago, then maybe. If not, he's not Illuminati.
How long do disposable nappies take to decompose?
Disposable diapers can take 200-500 years to decompose in a landfill due to their plastic and synthetic material composition.
You decide to buy a 60 in plasma-screen TV. You borrow $4300 from the electronics store at 2.1 per month simple interest with no payments due for 2 years from the date of purchase. How much will yo?
To calculate the total amount due after 2 years, first determine the interest accrued over that time. The formula for simple interest is ( I = P \times r \times t ), where ( P ) is the principal ($4300), ( r ) is the monthly interest rate (2.1% or 0.021), and ( t ) is the time in months (24 months). Calculating the interest: [ I = 4300 \times 0.021 \times 24 = 4300 \times 0.504 = 2167.20 ] Adding the interest to the principal gives the total amount due: [ Total = Principal + Interest = 4300 + 2167.20 = 6467.20 ] Thus, after 2 years, you will owe $6467.20.
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
