finding the total amount due on a loan which principle is $1780, rate is 12%, time is 6 months? what is the method?
206524
Simple interest has its own formula\nFV = P(1+rt)\nwhere FV is the future value(in this case the amount due on the loan), P is the principle, r is the rate and t is the time(in years)\nP = 1780, r = .12 and t = 6/12 = .5\nFV = 1780(1+.12(.5)) = 1886.8\nFor compound interest, use the formula\nFV = P(1+i)^n\nP is the principle, i is the interest rate divided by the number of times it is compounded per year, and n is the number of times it is compounded (n is in terms of months, years or whatever the problem states.\nFor example:\nIf it is compounded monthly, then\ni = .12/12 (divide by 12 because there is 12 months in one year) and r = 6 months\nFV = 1780(1+.12/12)^6 = 1889.51\nIf it is compounded annually, then\ni = .12/1 (because it is compounded once a year) and n = 6/12 = 1/2 years\nFV = 1780(1+.12/1)^(1/2) = 1883.77
27600
I'm trying to do this like a basic math question, so forgive me if I do end up giving you the wrong answer. Firstly, I'm assuming that you're going to pay the deposit payment first right? Plus I hope that DP means deposit payment, because if I'm wrong you can just ignore what I typed below. I also assume that your 18% yearly interest would be divided into 12 months payment. Okay! We start!\nFirst, you minus the deposit payment of 144,000 out of the total price of 720,000, leaving you the balance of 576,000. This was already confirmed in your question. \nNext, you have to deduct the amount you pay for the first year, which is a total of 9,600 x 12 = 115,200. When you deduct 115,200 from 576,000, you get 460,800 left. With me so far? Okay, we'll move on...\nNow you have four years left to pay up, so basically you divide the balance of 460,800 between the four years. You'll get 115,200 per year. \nNow remember the 18% interest per year? You'll find that if you apply 18% interest per month, you'll get the same amount as calculated per year. So let's stick to calculating per month, shall we?\nRemember the 115,200 you have to pay each year? Now divide that amount by twelve (months) and then times the answer with 118%. Yes, 118%. \n(If you prefer using 18% and then adding that to the month's original payment, that's also fine. But it's the long way round)\nMeaning:\n(115,200 / 12 ) x (118 / 100) = 11328\nSo this means that you have to pay 11328 per month (interest already included)for the next four years. Got it?
11023
???? please pharse your question in a form of a question. Maybe this site http://www.fun-loan.com/
589753
Use the compound interest formula:\n\nA(t) = A (1+r/n)^(nt)  where A(t) is final value, A is starting value, r is interest rate, n is number of times interest is counted in a year, t is number of years. In this case we want to figure r.  Thus,\n1690 = 1255 (1+ r/4)^(2.75)(4)\n1690/1255 = (1+ r/4)^(11)\n1.3466 = (1+ r/4)^(11)\n(1.3466)^(1/11) = (1+ r/4)\n1.0274 = (1+ r/4)\n.0274 = r/4\nr = .1096 or 10.96%
263115
They are telling you that the 8% interest on the amount financed by the bank is $600.  They are telling you what the simple interest is on the amount financed for the first month.\n\nInterest = Principle*Rate.  Assuming that the 8% interest is an annual rate, what would that be for one month?  8%/12 = 2/3% or .00666666.\n\n$600 = Principle * 2/300.  So, the amount borrowed or the principle was 600*300/2 = 90000 dollars.\n\nIf they borrowed 90000 dollars and it was 90% of the purchase price 90000 = 90%*Purchase price, that means it was a 100,000 dollar house to begin with.\n\nWe can do it backwards to check.  Start with 100,000 dollar house.  Now, make a 10% down payment and finance the rest, 90,000.\n\nThe first months payment on the interest would be 1/12 or the 8% on 90,000 or 1/12*.08*90000 = 600.  Yep, it was a 100k house.
493867
If there were no interest, answer (a) would be correct.\n\nSimply divide the amount by 36, and you come up with 427.6388888...which is rounded up to 427.64.\n\nLet me know where such loans are available, please....lol.
447325
Amount: $15,000\nRate: 12% per Year (I am assuming per Year not per Day)\nPeriod: roughly 2 months = 1/6 Year\n\nInterest: Amount * Rate * Period{in the right units} / 100\n\n$15,000 * 12 * (1/6) / 100 == $300 {roughly as period is a rough assumption}{so B or C is probably right}\n\nsince the Rate is per Year, the Period should be in Years\nPeriod: (27 Days in January + 28 Days in February + 16 Days in March ) / 365 Days/ Year\n\n{the rest is pencil and paper work}
262853
The terms of your loan can be anything.  The documents that spells out the terms is the "promissory note."  There are 2 parts to your payment each month.  The first is the interest - which is calculated by multiplying the amount your owe (the principal) by the interest rate and dividing by 12 (for one month's payment).  So the answer is the balance you owe determines the payment, not the original amount.\n\nThe second part of your payment is the principal.  Although some loans are interest only.  If you are paying back principal each month then they have amortized the payments so that they are the same amount for the life of the loan.  In actuality you start by paying almost all interest and just a little principal.  Then the more payments you make,  the proportion of your monthly payment that is principal gets bigger and bigger.  Toward the end of the loan,  your payments are almost all principal.  Because the payments don't change in amount it seems like you are paying on the original amount, but you are always paying on the outstanding balance.
110523
PRT/ 100 = interest P=principle R=rate T=time\n\nin your case\n\n10000(0.1)(10)= interest\n10000= interest\n\n(i'm not sure what your rate is? )
593689
p = principle\nr = interest rate per period(as a decimal)\nIf the rate is 6%(0.06) a year paid every month\nr =0.06/12 =0.005\nn = number of payments\n\nmonthly payment = p*r/(1 -(r+1)^(-n) )\n\nIn your example\nr =  16/1200 = 0.013333...\np =100000\nn =60\n\nmonthly payment = 100000*0.013333/( (1 -1.013333)^-60)\n= 2431.81
441660
Interest = $400 x 6.5%\n            = $400 x 0.065\n            = $26\n\nAnswer: D. $26
631625
It TOTALLY depends on the amount of time the loan is taken out for.  If it is just a line of credit (revolving), depends how much the business makes.  If you take out a "5" year loan, at 8.25% interest, well then, it will take you 5 years to pay, and your interest over time would be $11,188.75.  If you have Microsoft Excel, go in there and search for "loan amortization".  They have a designed schedule that let's you put in the loan amount, interest, time, etc.
378944
Simple Interest\nA = P *r * t\n\nCompound Interest (monthly)\nA = P(1 + r/12)^(12t)\n\nA1 = P(1 + .075/12)^(12*30)\nA2 = A1 * .06 * 1\n\nP(1 + .075/12)^(12*30) * .06 * 1 >= 12000\nP >= 12000 / ((1 + .075/12)^(12*30) * .06)\nP >= $21,227.97
627035
What type of loan is it?\nIf it is simple interest, then\nI = Prt\nI = 13000*.085*5\nI = 5,525
577031
Well, that depends on where the balance of $164,900 is coming from.   Is your down payment $90k or is your loan amount $90k?  \n\nRegardless, do a search on loan amortization tables.  You can put in the loan amount, term and interest rate, it will give you the monthy payment.  There are a ton out there (may even be one in Yahoo Real Estate section).
299886
The formula is\nA = Pe^(rt), where A is the amount returned, P is the original amount, r is the interest rate, and t is the number of years.\nP = 2000\nr = 2% = .02\nA = 2000e^(.02t)\n"How long will it take?" means you are looking for t.\nIn order to find t, you will need to know A.
542169
The shorter the interest term the faster it grows as the principal grows more quickly so you get more interest on your interest\n\nFor example lets look at the interest gained over 1 year on an interest rate of 12% per annum\n\nYearly: Well at the end of the year A = 1.12*P\nSo interest gained = 1.12*P - P = 0.12*P\n\nHalf Yearly: Well at the end of the year A = (1.06)*(1.06)*P (because the interest is applied each 6 months\n= (1.06)² * P\n= 1.1236*P\nSo interest gained = 1.1236*P - P = 0.1236*P > 0.12P\n\nQuarterly: Well at the end of the year A = (1.03)*(1.03)*(1.03)*(1.03)*P \n= (1.03)^4 * P\n≈ 1.1255P\nSo interest gained = 1.1255*P - P = 0.1255*P > 0.1236P\n\nMonthly: Well at the end of the year A = (1.01)*(1.01)* ... *(1.01)*(1.01)*P \n= (1.01)^12 * P\n≈ 1.1268P\nSo interest gained = 1.1268*P - P = 0.1268*P > 0.1255P\n\nDaily: Well at the end of the year A = (1.0003288)*(1.0003288)* ... *(1.0003288)*P \n= (1.0003288)^365 * P\n≈ 1.1275P\nSo interest gained = 1.1275*P - P = 0.1275*P > 0.1288P\n\nNow while it may not sound like much over 1 year over 20 years it can become significant\n\nJust quickly over 20 years\n\nYearly: Interest = ((1.12)^20 -1)*P = 8.6463*P\nHalf Yearly: Interest = ((1.06)^40 - 1)*P = 9.2857*P\nQuarterly: Interest = ((1.03)^80 - 1)*P = 9.6409*P\nMonthly: Interest = ((1.01)^240 - 1)*P = 9.8926*P\nDaily: Interest (using 365.25 days per year to account for leap years)= ((1.0003285)^365.25*20 - 1)*P = 10.0154*P