A P r t A P Prt t A A P Pr t B Pr A P t C P A Pr t D P rt A t What are the solutions. This equals R8000 interest that will be charged for the first year Should he invest the R100000 at 8. This calculator for simple interest-only finds I the simple interest where P is the Principal amount of money to be invested at an Interest Rate R per period for t Number of Time Periods.
Beginalign A P1in textRtext4 76000lefttext1 text014 times 2right textRtext6 09280 endalign.
In other words if you compound annually every year the interest for the second year is calculated on the original amount PLUS the interest made in the first year. SI P R T 100. I 40310784 dollars. Total interest earned 544195584 4000 144195584.