This discussion is closed.
Tom
Badges:
#1
Report 17 years ago
#1
£50,000 over 25 months @ a compound interest rate of 0.7535% per month.

Do I simply work what 0.75% is of £50,000 then multiply by 25?

How does compound interest work?
0
Stan Brown
Badges:
#2
Report 17 years ago
#2
Tom <[email protected]> wrote in uk.education.maths:
[q1]>£50,000 over 25 months @ a compound interest rate of 0.7535% per month.[/q1]
[q1]>[/q1]
[q1]>Do I simply work what 0.75% is of £50,000 then multiply by 25?[/q1]
[q1]>[/q1]
[q1]>How does compound interest work?[/q1]

Please don't post the same query multiple times.

You can find formulas and explanations of compound interest on my Web page:
http://oakroadsystems.com/math/loan.htm

--
Stan Brown, Oak Road Systems, Cortland County, New York, USA http://oakroadsystems.com/ "What in
heaven's name brought you to Casablanca?" "My health. I came to Casablanca for the waters." "The
waters? What waters? We're in the desert." "I was misinformed."
0
X
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Have you made your firm and insurance uni choices yet?

Yes (78)
53.79%
Yes, but I want to swap them (10)
6.9%
No, but I know who I want to choose (16)
11.03%
No, I still don't know who I want to choose (36)
24.83%
I have decided I don't want to go to uni anymore and will not be choosing (5)
3.45%

Watched Threads

View All