Question about The Office Equipment & Supplies

Ad

Makes no sense. 130.68 is the original. IF YOU'RE SAYING that adding 8% leaves you with a total of 130.68 and you want the initial investment, divide 130.68 by 1.08. You answer is 121.00

Posted on May 03, 2017

Ad

130.68 dollars.

Posted on May 03, 2017

Ad

Hi,

a 6ya expert can help you resolve that 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.

the service is completely free and covers almost anything you can think of.(from cars to computers, handyman, and even drones)

click here to download the app (for users in the US for now) and get all the help you need.

Goodluck!

Posted on Jan 02, 2017

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

A=P(1+i)^n, where P is the Principal, i is the interest rate per period, and n is the number of periods.

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

Apr 05, 2014 | Texas Instruments TI 30XIIS Scientific...

$3,750. If this is homework, make sure you show your work.

Sep 18, 2013 | Office Equipment & Supplies

$3,750. If this is homework, be sure to show your work.

Sep 18, 2013 | Office Equipment & Supplies

Single interest is calculated on the 'original principle amount' only. Accumulated interest from prior periods is not used in calculations for the following periods.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Sep 08, 2011 | Computers & Internet

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

x=7

y=-1

y=-1

Jan 30, 2009 | Bagatrix Algebra Solved! 2005 (105101) for...

Try the FV function
**Syntax**

**FV**(**rate**,**nper**,**pmt**,pv,type)

Nov 03, 2007 | Computers & Internet

24 people viewed this question

Usually answered in minutes!

×