Calculate Interest Per Annum?

Answer

You can use the simple interest formula in order to calculate simple interest per annum. It includes values such as R, T, and the principal sum.
Reference:
Q&A Related to "Calculate Interest Per Annum?"
1. Multiply the principal by the rate of interest. For example, using $8,500 as the amount of principal and .0325 as the rate of interest, the calculator will display 276.25. 2. Multiply
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calculate 10% of number (2950.00 x 10% = 295.00) then divide it by 12.
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Compound interest is just an extension of simple interest. For example, $100 at 5% interest for 1 year is $100 (1 + .05) = $105. However, if that rate is compounded every six months
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Per annum means by the year; annually: a magazine subscription of 40
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1 Additional Answer
Ask.com Answer for: calculate interest per annum
How to Calculate Interest Rate Per Annum
Calculating the interest rate per annum isn't that difficult if you know three things: the principal amount; the interest rate; and the time period in years. Knowing the equation for figuring per-annum interest will help you know what the interest rate... More »
Difficulty: Moderately Easy
Source: www.ehow.com
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