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  • I PRT: Principal Rate Time Interest A

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    Georges H. Hanna
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    The document contains a table showing calculations of interest on different principal amounts at various rates and times. It also contains calculations comparing compound interest amounts to simple interest on a principal of $45,000 at 8% interest over different time periods ranging from 1 to 12 months. The compound interest calculations are always higher than the simple interest calculations.

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    Interest

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    The document contains a table showing calculations of interest on different principal amounts at various rates and times. It also contains calculations comparing compound interest amounts to simple interest on a principal of $45,000 at 8% interest over different time periods ranging from 1 to 12 months. The compound interest calculations are always higher than the simple interest calculations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views3 pages

    I PRT: Principal Rate Time Interest A

    Uploaded by

    Georges H. Hanna
    The document contains a table showing calculations of interest on different principal amounts at various rates and times. It also contains calculations comparing compound interest amounts to simple interest on a principal of $45,000 at 8% interest over different time periods ranging from 1 to 12 months. The compound interest calculations are always higher than the simple interest calculations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    I=P r t

    Principal Rate Time Interest A

    1000 0.09 5 450 1450


    20000 0.06 7 8400 28400
    45000 0.08 11 39600 84600
    980000 0.06 13 764400 1744400

    45000 0.08 12 Monthly 48734.9778063379


    45000 0.08 4 Quartely 48709.4472
    45000 0.08 2 Semiannualy 48672
    45000 0.08 1 Yearly 48600
    n
    A = P ( 1 +r )
    Coump Amount Difference

    1538.6240 88.6240
    30072.6052 1672.6052
    104923.7549 20323.7549
    2090269.6949 345869.6949

    3734.977806338
    3709.4472
    3672
    3600
    A = P(1 + r)n

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