How To Determine The Simple Interest Rate For An Investment Property?
From 1947 at 9500 to 2000 at 200,000, what is the interest rate
Guest
asked 2 years ago
2 Answers - Sort by: Date | Rating
Your question is incomplete actually.
Simple interest can be calculated with the help of the belw formulae. Do it yourself, if not then you can again put your question forward.......
Total Amount = Principal * number of years * rate of interest /100
And,
Simple Interest = Total Amount - Principal
where,
principal = Starting Amount invested
No of years = for how many years you have invested.
Rate of interest = at what percent you have invested.
Amount = Total amount.
Just try to solve.hope you'll do it.
Simple interest can be calculated with the help of the belw formulae. Do it yourself, if not then you can again put your question forward.......
Total Amount = Principal * number of years * rate of interest /100
And,
Simple Interest = Total Amount - Principal
where,
principal = Starting Amount invested
No of years = for how many years you have invested.
Rate of interest = at what percent you have invested.
Amount = Total amount.
Just try to solve.hope you'll do it.
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Christopher takes out a loan for $3706 in 2 years. What is his interest rate rounded to the nearest tenth of a percent?
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0
Guest
answered 8 months ago
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