WebWeegy.com is the easiest and fastest way to get answers to your questions, by providing a mashup of several technologies including an AI-enabled Q&A knowledgebase and … WebAug 26, 2024 · Weegy: The 6% sales tax on purchases totalling $145.50 will be $8.73.User: Convert the mixed number 3¼ to a percent. A. 325% B. 314% C. 375% D. 333% Weegy: …
Find the ordinary interest on $1,800 for two months at a …
WebSimple Interest Formulas and Calculations: Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P (1 + rt) where P is the Principal amount of money to be … WebMath Advanced Math Find the future value for the ordinary annuity with the given payment and interest rate. PMT= $2,400 ; 1.65 % compounded monthly for 2 years. The future value of the ordinary annuity is $Blank. (Do not round until the final answer. Then round to the nearest cent as needed.) hard shell rolling suitcase
Simple Interest Calculator I = Prt
WebSince banks commonly use the ordinary interest method, it is known as the bankers rule. Exact Interest (365 Days) The Federal Reserve banks and the federal government use the exact interest method. The exact interest is calculated by using a 365-day year. For time, we count the exact number of days in the month that the borrower has the loan. WebJan 15, 2024 · i = r / m, where i is the periodic interest rate (rate over the compounding intervals) For simplicity, we refer to the ordinary annuity in the following specifications. Future value of a growing annuity (g ≠ i): FVA = PMT / (i - g) × ( (1 + i)n - (1 + g)n) Future value of a growing annuity (g = i): FVA = PMT × n × (1 + i)(n - 1) WebJan 4, 2015 · With interest of $1,832.00 and a principal of $16,000 for 206 days, use the ordinary interest method to determine the rate. See answers Advertisement briemodee525 I = 1832 P = 16000 T = 206/365 years Rate of interest = [100*I] / [P*T] = [100*1832] / [16000*206/365] = 20.29% per annum i got 20% Advertisement caitielittlep2ddz6 … hard shell roof luggage carrier