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How much interest does 8000 earn in one day at an interest rate of 6compounded daily What is the balance after a day?
To calculate the interest earned in one day on $8,000 at a 6% annual interest rate compounded daily, use the formula for daily interest: ( \text{Interest} = P \times \left( \frac{r}{n} \right) ), where ( P ) is the principal, ( r ) is the annual interest rate, and ( n ) is the number of compounding periods per year (365 for daily). Plugging in the numbers:
[ \text{Interest} = 8000 \times \left( \frac{0.06}{365} \right) \approx 1.316 ]
After one day, the balance would be the initial amount plus the interest earned, which is approximately ( 8000 + 1.316 \approx 8001.32 ).
What else can I help you with?
How much interest would i get each month on 148 million pounds?
Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
What is the simple interest on a loan of 8000 pounds over seven years at eleven percent pa?
To calculate simple interest, use the formula: Interest = Principal × Rate × Time. For a loan of 8000 pounds at an interest rate of 11% per annum over seven years, the interest would be: 8000 × 0.11 × 7 = 6176 pounds. Therefore, the simple interest on the loan is 6176 pounds.
Joe borrowed 8000 on a one year note at 13. How much will Joe owe when the note comes due?
To calculate how much Joe will owe when the note comes due, we can use the formula for simple interest: (A = P(1 + rt)), where (A) is the total amount owed, (P) is the principal amount (8000), (r) is the interest rate (0.13), and (t) is the time in years (1). Plugging in the values: (A = 8000(1 + 0.13 \times 1) = 8000(1 + 0.13) = 8000 \times 1.13 = 9040). Therefore, Joe will owe $9,040 when the note comes due.
Do you have to pay the balance owed after self repossession?
You pay what is owed after the creditor sells the car for. So if you owed 10,000 and the creditor sells it for 8000 at an auction, then you would owe the remaining balance.
How much is 8000 pounds in US dollars?
£8000 is $9,723.50
How much interest would i get each month on 148 million pounds?
Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
What is the annual simple interest rate if you have 1600 interest on 8000 for 1 year?
The rate is 1600/8000 = 1/5 = 20%
What is 13 percent interest on 8000?
Simple interest would be 1040
If you invest 8000 at 12 interest how much will you have in 7 years?
interest investments are collected annually (yearly) so you would take 12 % and multiply it by $8000. 8000 x .12 = 960 this means that you collect $960 annually from interest. so then multiply the $960 by your number of years (7). 960 x 7= $6720. Then you would add the interest you received from the investment and add it back to your innitial investment of $8000. 8000 + 6720= $14720.00
What is the simple interest on a loan of 8000 pounds over seven years at eleven percent pa?
To calculate simple interest, use the formula: Interest = Principal × Rate × Time. For a loan of 8000 pounds at an interest rate of 11% per annum over seven years, the interest would be: 8000 × 0.11 × 7 = 6176 pounds. Therefore, the simple interest on the loan is 6176 pounds.
A company's fixed interest expense is 8000 its income before interest expense and income taxes is 32000 Its net income is 9600 The company's times interest earned ratio is?
Formula for times interest earned = earning before interest and tax / interest expense Times interest earned = 32000 / 8000 = 4 times
What would be the yearly earnings for a person with 8000 in savings at annual interest rate of 2.5?
8000*2.5/100 = 200
How much interest will be earned on an investment of 8000 at 10 percent simple interest for 3 years?
$2400
How do you figure out this math problem?
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
How much interest will you earn in a year at 2 percent if you have 8000?
2% means 2/100 so divide your 8000 by 100 and multiply by 2 to get 160.
How would you find the principal if the car is 8000?
Depends on the interest and term length of the loan..
