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Home/Tag: Interest
4 12, 2018

## Compound Interest

By |2018-12-05T12:18:04+10:00December 4th, 2018||Comments Off on Compound Interest

Compound Interest Go to the Forum to see more questions or ask your own Formulas used in Compound Interest A = P(1 + r)n A = total of principal and interest P = principal, original amount borrowed or invested r = interest rate as a decimal ie. divide the percent [...]

4 12, 2018

## Simple Interest

By |2018-12-05T12:17:49+10:00December 4th, 2018||Comments Off on Simple Interest

Simple Interest Go to the Forum to see more questions or ask your own Formulas used in Simple Interest I = PRN where: I = interest P = principal, original amount borrowed or invested r = interest rate as a decimal ie. divide the percent by a hundred n = [...]

3 07, 2018

## Earning & Managing Money

By |2018-12-05T15:52:59+10:00July 3rd, 2018|Tags: , , , , |0 Comments

Earning & Managing Money Go to the Forum to see more questions or ask your own Topics covered in Earning & Managing Money Wages & Salaries Commission, Piecework & Royalties Shares Tax Pension Rebates Forum Rules of the Forum be [...]

3 07, 2018

## Budgeting & Expenses

By |2018-12-05T15:37:04+10:00July 3rd, 2018|Tags: , , , , |0 Comments

Budgeting & Expenses Go to the Forum to see more questions or ask your own Topics Covered in Budgeting & Expenses Household Expenses Vehicle Expenses Phone Bills Budgeting GST Formulas used in Budgeting & Expenses Simple Interest I = PRN P = principle [...]

3 07, 2018

## Interest & Depreciation

Interest & Depreciation Go to the Forum to see more questions or ask your own Topics Covered in Interest & Depreciation Simple Interest Compound Interest Straight Line Depreciation Declining Balance Depreciation Formulas used in  Straight Line Depreciation S = Vo [...]

26 07, 2016

## Credit Cards

Credit Cards I = PRN I = interest P = principal, original amount borrowed or invested R = interest rate as a decimal N = length of the loan or investment worked examples Georgia has a credit card with an interest rate of 11.9% p. a., calculated as simple interest on [...]

25 07, 2016

## Simple Interest Finding R

Simple Interest Finding R $R=\frac{I}{PN}$ N = length of the loan or investment P = principal, original amount borrowed or invested I = interest R = interest rate as a decimal worked examples Greg invested $1150 for 6 years and earned simple interest of$296.25. What was the interest rate per annum? $R=\frac{296.25}{1150\times6}$ [...]

24 07, 2016

## Simple Interest Finding N

Simple Interest Finding N $N=frac{I}{RP}$ N = length of the loan or investment P = principal, original amount borrowed or invested I = interest R = interest rate as a decimal worked examples Brett invested $960 at 6%pa and earned simple interest of$23.50. For how many months was the money invested? $N=\frac{23.50}{960\times6\%}$ [...]

24 07, 2016

## Simple Interest Finding P

Simple Interest Finding P $P=\frac{I}{RN}$ P = principal, original amount borrowed or invested I = interest R = interest rate as a decimal N = length of the loan or investment worked examples Matea invested a sum of money in a savings account on which simple interest was paid at the rate [...]

24 07, 2016