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You are not logged in. #1 20060506 14:49:43
FinanceSimple Interest Example: The Simple Interest on $400 for 3 months at 5% per annum Simpe interest would be I=Prt Hence Simple Interest on $400 for 3 months at 5% pa Simple Interest is 5 Dollars. Compound Interest The amount A, or future value, of principal P invested at interest rate r (expressed as decimal) compunded m times per year for t years is where , the interest rate per compounding period, and n=mt, the number of compunding periods. For example, Compound interest for $400 at the rate of 10% per annum compounded half yearly for 1 year would be calculated as follows: n=2 (1year = 2 half years). i=10% pa = 5% per half year Therefore, Compound Interest = $441$400 = $41 Annuity The future value of an Ordinary Annuity is where R is the periodic payment, i the interest rate per period, and n the number of periods. In an ordinary annuity, the payment is made at the end of each period. The present value of an ordinary annuity is Profit and Loss SP=Selling Price, CP=Cost Price Character is who you are when no one is looking. #2 20060506 23:21:31
Re: FinanceWhat job can we do if you put all the tricks online ???? X'(yXβ)=0 #3 20060508 15:10:49
Re: FinanceDiscount For example, if a discount of 15% is offered on a car worth $4000, then the discounted price is given by Successive Discounts If discounts of x% and y%, in that order succesively, are offered on price P, then For example, if successive discounts of 10% and 20% are offered on an article worth $5000, then Character is who you are when no one is looking. 