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how to calculate simple interest in nigeria. How bank calculate interest on a savings account. Because this calculator is date sensitive it is a suitable tool for calculating simple interest owed on any debt.
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FV 5000 1 005 3 FV 5000 115 5750. 1022am On Aug 28 2015 Hello house Kindly assist to write a simple program to calculate simple interest in Q-BASIC. Let us assume that an amount of N500000 is deposited in a bank for 4 years and paying an annual interest rate of 350 compounded monthly.
R r 100 t Time Period involved in months or years.
It explains how to calculate the interest earned over a per. R r 100 t Time Period involved in months or years. On the next screen entitled Enter interest information for this loan. A percentage the interest of the principal is added to the principal making your initial investment grow.
