How Do I Calculate Interest?
I'm trying to work out this math problem, Interest is 5 3/4% per annum, figures and compounded quarterly on full shares only. Shares cost $5.00 each. Balance $1444.85. Full shares 288. $1444.85+$200.00=$1644.85. 328 full shares.$1644.85 - $250.00= $1394.85 shares 278.? How would you calculate the interest.
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This is the website which you could use for calculation of interest with different figures.
www.finance.cch.comtext/c10s10d160.asp
www.finance.cch.comtext/c10s10d160.asp
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