Answer to: A car dealer will sell you a $16,450 car for $4,329 down and payments of $339.97 per month for 48 months. What is the simple interest...
The simple interest on a certain sum for 2 years is 50 and the compound interest is 55. Find the rate of interest per annum and the sum. View Solution Doubtnut is No.1 Study App and Learning App with Instant Video Solutions for NCERT Class 6, Class 7, Class 8, Class 9, Class 10,...
Most lenders express interest rate on an annual basis.We call this the APR(annual percentage rate). APR comprises the interest rate plus any arrangement fees that the lender adds to the loan. Some agreements do not mention interest rates although there is one. We know there is one because t...
The effective interest rate is the true rate of interest earned. It can also mean the market interest rate, the yield to maturity, the discount rate, the internal rate of return, the annual percentage rate (APR), and the targeted or required interest rate. Example of the Effective Interest...
百度试题 结果1 题目what is the___interest rate?(男)At present it’s 2%.['prɛznt] 相关知识点: 试题来源: 解析 annual 反馈 收藏
Simple interest is most commonly used for loans and investments. The calculation for simple interest uses three items: principle, interest rate, and length of time. Principle is the total amount of money borrowed or invested. Interest rate is the percentage rate used to calculate the interest ...
The formula for Simple Interest is given by:SI=P×R×T100where:- P = Principal- R = Rate of interest per annum- T = Time in years Step 2: Define the variables.Let the Principal P=5x (we choose this to make calculations easier).According to the problem, the Simple Interest (SI) ...
What is an interest rate on a mortgage? In the simplest of terms, an interest rate is the cost of borrowing money from a bank or lender. The rate determines how much you owe back to your lender, on top of the money you have borrowed. Interest rates are constantly changing depending on...
5 What interest rate is necessary to get 1000 in interest over 2 years on a 10000 investment?投资10000美元,那么利率为多少的时候,在两年里才可以得到1000美元的利息?a. 4%b. 5%c. 6%d. 7%e. 8% 相关知识点: 试题来源: 解析 b. 5% 根据题意,投资本金为10,000,期限2年,总利息为1,000。假...
Simple Interest Formula To calculate simple interest, multiply the principal amount by the interest rate and the time. The formula written out is "Simple Interest = Principal x Interest Rate x Time." This equation is the simplest way of calculating interest. Once you understand how to calculate...