Question about SoftMath Algebrator - Algebra Homework Solver (689076614429)

Ad

You have to say if simple or compound interest, and whether annual interest or some other period. Assuming compound interest annually, it is 3.78%, for the second case, earnings are $1483

Posted on Apr 21, 2014

Ad

Hi there,

Save hours of searching online or wasting money on unnecessary repairs by talking to a 6YA Expert who can help you resolve this issue over the phone in a minute or two.

Best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.

Here's a link to this great service

Good luck!

Posted on Jan 02, 2017

Ad

CHECK WITH YOUR BANK

Jan 11, 2018 | Finance

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

About $5.21. Though if it's truly simple interest then he may not earn any interest until he receives $62.50 at the end of the year.

May 26, 2014 | Computers & Internet

With simple interest, there is no compounding. To earn 2200.50 interest in six years, you need to earn 2200.50/6 = 366.75 each year. In order to earn 366.75 at 10.5%, you need a principal of 366.75/10.5% = 3492.86.

If the interest is compounded annually then you only need to invest 2682.13.

If the interest is compounded annually then you only need to invest 2682.13.

May 03, 2014 | Casio FX-115ES Scientific Calculator

Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Nov 20, 2013 | Texas Instruments TI-30X-IISTK Scientific...

If 1288 is deposited yearly The Final Amount is:

34,399.33 USD

If 1288 is deposited only once The Final Amount is:

3,321.15 USD

34,399.33 USD

If 1288 is deposited only once The Final Amount is:

3,321.15 USD

Oct 11, 2013 | Vehicle Parts & Accessories

James Street will have to deposit $5910 dollars each year, for eight years, into that "planning" account. Compounded annually, it will be just enough to cover the four amounts to be withdrawn from the account on years 7($18,000), 8($19,000), 9($20,000) and 10($21,000) of the account. Comes down to about $9 left in the account upon the last withdrawal.

Jan 26, 2011 | Computers & Internet

this is an accounting problem, u have the wrong wweb site

Jul 15, 2010 | Computers & Internet

please clarify what the question is here?

Jul 15, 2010 | Computers & Internet

I want how i can calculate daily profit /loss calculation on investment

Sep 07, 2009 | Microsoft Step by Step Visual Basic 6.0...

92 people viewed this question

Usually answered in minutes!

×