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How to Deposit Equation Application For Free

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- THE COMPANY CINGULAR HAS A MONTHLY CELLULAR PLAN WHERE A CUSTOMER PAYS A FLAT MONTHLY FEE AND THEN A PER MINUTE FEE. IF A CUSTOMER USES 360 MINUTES THE COST WILL BE $38.00 AND IF A CUSTOMER USES 800 MINUTES THE COST IS $60.00. FROM THIS INFORMATION WE WANT TO FIND A LINEAR EQUATION FOR A TOTAL MONTHLY COST WHERE WE LET X = THE NUMBER OF MINUTES USED PER MONTH AND Y IS = TO THE TOTAL MONTHLY COST. WE ALSO WANT TO KNOW HOW MUCH WILL THE MONTHLY COST BE IF THE CUSTOMER USES 1,200 MINUTES. SO TO GET THIS STARTED WERE GOING TO REPRESENT THE GIVEN INFORMATION AS ORDER PAIRS WHERE AGAIN THE X COORDINATE WILL BE THE NUMBER OF MINUTES USED AND THE Y COORDINATE WILL BE THE TOTAL MONTHLY COST. SO USING THIS SENTENCE HERE, ONE ORDERED PAIR WOULD BE 360, 38 AND THE SECOND ORDERED PAIR WOULD BE 800, 60. SO USING THESE TWO ORDERED PAIRS OR THESE TWO POINTS WELL NOW BE ABLE TO FIND THE LINEAR EQUATION THAT WILL MODEL THE TOTAL COST PER MONTH. LETS GO AHEAD AND DO THIS ON THE NE

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How do you calculate simple interest on a deposit?

You can calculate the simple interest youll earn in a savings account by multiplying the account balance by the interest rate by the time period the money is in the account. Note that the interest in a savings account is money you earn, not money you pay. Heres the simple interest formula: Interest = P x R x T.

How do you calculate monthly interest rate?

To calculate a monthly interest rate, divide the annual rate by 12 to reflect the 12 months in the year.Note For a daily interest rate, divide the annual rate by 360 (or 365, depending on your bank). For a quarterly rate, divide the annual rate by four. For a weekly rate, divide the annual rate by 52.

How to calculate fixed deposit interest?

It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is principal x rate of interest x time period divided by 100 or (P x Rx T/100).

How do you calculate initial deposit?

Value of money multiplier = 1/LRR which is equal to 1/0.1 = 10 Initial deposit was Rs. 500 crores Hence Total Deposit will be Initial Deposit Money Multiplier = 500 10 = 5000 Crores .vedantu.com 4 Page 5 Q17.

How much interest will I get for 1 lakh?

32,048. Different interest amount will be paid for each based on the compounding effect.Monthly Payout. Investment amountCumulative interest for 5 yearsMaturity amount1 lakhRs. 34,850Rs. 1,34,8505 lakhRs. 1,74,250Rs. 6,74,25010 lakhRs.3,48,500Rs.13,60,50015 lakhRs. 5,40,750Rs. 20,22,7501 more row

How do you calculate monthly compounded monthly?

The monthly compound interest formula is used to find the compound interest per month. The formula of monthly compound interest is: CI = P(1 + (r/12) )12t - P where, P is the principal amount, r is the interest rate in decimal form, and t is the time.

What is the monthly interest rate?

A monthly interest rate is simply how much interest you would be charged in one month. This doesnt include any other charges associated with the loan, and it doesnt show exactly how expensive a loan actually is. APR, on the other hand, is the percentage rate charged on a loan over the term of one year.

How much interest will I earn on 50000 fixed deposit?

The monthly interest amount on a ₹50,000 fixed deposit for 1 year, 5 years or 10 years in a bank normally ranges from 3 percent to 7.50% every month. Non-Banking Financial Companies, or NBFCs, offer higher interest rates.

What is the formula to calculate deposit?

It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is principal x rate of interest x time period divided by 100 or (P x Rx T/100).

How do I calculate my interest rate?

Heres the simple interest formula: Interest = P x R x T. P = Principal amount (the beginning balance). R = Interest rate (usually per year, expressed as a decimal). T = Number of time periods (generally one-year time periods).

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