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premium X % X time

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

Nov 30, 2017 | The Computers & Internet

interest is interest

fixed is calculated yearly on the principle and is paid 365 days time

variable changes and is calculated daily ( 1/365 part of the interest rate ) and added to the remaining principle monthly

so if you have a loan of $1000.00 on fixed interest of 10% , regardless of how much you have repaid in a 12 month period , it is 10% of the principle loaned

with a variable interest the interest rate could be 10% today, 15% in 2 months time or 6% later on

it is variable

to add to that it is calculated on a daily basis (1/365 of 10%) and added to the principle left after receiving a payment on the loan

so for a $1000.00 the interest is added to that principle at the end of the month if there is no loan repayment or is added to the principle balance after a payment

the difference is that a variable interest rate loan will allow you to save money if you pay off well before the period of the loan but will add almost 2 to 3 times the loan if you pay the absolute minimum for the period of the loan

a fixed rate is where you know exactly the total interest to be paid at the end of term

fixed is calculated yearly on the principle and is paid 365 days time

variable changes and is calculated daily ( 1/365 part of the interest rate ) and added to the remaining principle monthly

so if you have a loan of $1000.00 on fixed interest of 10% , regardless of how much you have repaid in a 12 month period , it is 10% of the principle loaned

with a variable interest the interest rate could be 10% today, 15% in 2 months time or 6% later on

it is variable

to add to that it is calculated on a daily basis (1/365 of 10%) and added to the principle left after receiving a payment on the loan

so for a $1000.00 the interest is added to that principle at the end of the month if there is no loan repayment or is added to the principle balance after a payment

the difference is that a variable interest rate loan will allow you to save money if you pay off well before the period of the loan but will add almost 2 to 3 times the loan if you pay the absolute minimum for the period of the loan

a fixed rate is where you know exactly the total interest to be paid at the end of term

May 09, 2016 | Computers & Internet

Hi there,

To calculate present value you need to type in all the other missing values and then press COMP and PV.

For example: if the future value is R5000, the interest is 12% p.a. compounded monthly and it paid over 3 years.

Type in 5000 and press FV

type in 12 and I/Y

Press 2nd F and I/Y and make sure P/Y says 12 (for 12 payments per year).

Press ON

press 3 press 2nd F N and then press N again (for 36 payments in total). Make sure your screen says ANS -> N otherwise the calculation will not work.

Now if if your payments are 0 (in other words you are not making monthly payments) then press 0 and PMT,

Otherwise, if you are making monthly payments for e.g. R200 a month, type in +/- 200 PMT.

Now calculate your original amount by pressing COMP PV.

If you made no payments your original amount should be -3494.62

And if you chose to add payments your original amount should be

2 526.88.

To calculate present value you need to type in all the other missing values and then press COMP and PV.

For example: if the future value is R5000, the interest is 12% p.a. compounded monthly and it paid over 3 years.

Type in 5000 and press FV

type in 12 and I/Y

Press 2nd F and I/Y and make sure P/Y says 12 (for 12 payments per year).

Press ON

press 3 press 2nd F N and then press N again (for 36 payments in total). Make sure your screen says ANS -> N otherwise the calculation will not work.

Now if if your payments are 0 (in other words you are not making monthly payments) then press 0 and PMT,

Otherwise, if you are making monthly payments for e.g. R200 a month, type in +/- 200 PMT.

Now calculate your original amount by pressing COMP PV.

If you made no payments your original amount should be -3494.62

And if you chose to add payments your original amount should be

2 526.88.

May 30, 2014 | Sharp EL-738 Scientific Calculator

Work with the simple formula:
Interest = Initial * rate * time

To find the total amount, add the Initial plus the Interest, then subtract what has been paid. This will change the amount of money that will be accruing interest, though, so if there is a payment schedule you will need to repeat this calculation to get an exact number.

Find more information on wikipedia: http://en.wikipedia.org/wiki/Interest#Simple_interest

To find the total amount, add the Initial plus the Interest, then subtract what has been paid. This will change the amount of money that will be accruing interest, though, so if there is a payment schedule you will need to repeat this calculation to get an exact number.

Find more information on wikipedia: http://en.wikipedia.org/wiki/Interest#Simple_interest

Mar 07, 2011 | Texas Instruments BA-II Plus Calculator

Try this formula=((A1)*(1+A2))-A3
Where:
A1 is the original Balance
A2 is the interest rate
A3 is the money paid for the preceding month

Apr 02, 2009 | Microsoft Excel for PC

Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Mar 26, 2009 | Computers & Internet

set your p/y to 12( compounding periods per year). I think you are calculating for a one year loan?

Nov 18, 2008 | Texas Instruments BA-II Plus Calculator

after 3 years u wil get rs 43692..

Aug 29, 2008 | Office Equipment & Supplies

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Aug 01, 2008 | Office Equipment & Supplies

I gave up using the Texas BA II. I used an on-line mortgage calculator for interest only. I was able to get a full printout.

I would like to learn more about the BA II and how to do this type of math on it.

Thank you

I would like to learn more about the BA II and how to do this type of math on it.

Thank you

Mar 02, 2008 | Texas Instruments BA-II Plus Calculator

Mar 27, 2015 | Nokia 3110 Cellular Phone

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