menu
QAmmunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
If the CI on a sum of money for 3 years at the rate of 2% per annum is 306.04, then what will be the SI?
asked
Dec 5, 2021
21.3k
views
2
votes
If the CI on a sum of money for 3 years at
the rate of 2% per annum is 306.04, then
what will be the SI?
Mathematics
high-school
Telandor
asked
by
Telandor
7.9k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
4
votes
Answer:
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.P=306.04/[(1+0.02)^3–1]=5000
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.P=306.04/[(1+0.02)^3–1]=5000The formula for calculating simple interest is:
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.P=306.04/[(1+0.02)^3–1]=5000The formula for calculating simple interest is:Simple Interest = Principal x Interest Rate x Term of the loan
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.P=306.04/[(1+0.02)^3–1]=5000The formula for calculating simple interest is:Simple Interest = Principal x Interest Rate x Term of the loan= P x i x n
Compound Interest = Total amount of Principal and Interest in future (or ) less the Principal amount at present called (PV). PV is the current worth of a future sum of money or stream of given a specified .where P = Principal, i = annual interest rate in percentage terms, and n = number of compounding periods for a year.P=306.04/[(1+0.02)^3–1]=5000The formula for calculating simple interest is:Simple Interest = Principal x Interest Rate x Term of the loan= P x i x nSimple Interest = 5000*0.02*3=300
Tjw
answered
Dec 10, 2021
by
Tjw
8.5k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Feb 1, 2022
109k
views
The Difference BETWEEN the CI and SI on a Certain sum of money for 2 years at 15% per annum is RS.180.Find the sum
Andrey Sarul
asked
Feb 1, 2022
by
Andrey Sarul
7.8k
points
Mathematics
college
1
answer
1
vote
109k
views
asked
Feb 7, 2024
153k
views
Difference between CI received in the first 1.5 years (compounded annually) at 20% per annum and CI received in the last 1.5 years when compounded half-yearly at the same rate of interest on the same sum
Sriharsha
asked
Feb 7, 2024
by
Sriharsha
7.1k
points
Mathematics
college
1
answer
5
votes
153k
views
asked
Jul 7, 2020
31.1k
views
At what rate per annum ci will RS 2000 amount to RS 2315.35 in 3 years
Kree
asked
Jul 7, 2020
by
Kree
8.3k
points
Mathematics
middle-school
1
answer
2
votes
31.1k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.5m
questions
12.2m
answers
Other Questions
How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search QAmmunity.org