Leon Financial Accounting Calc

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Calculator / Last modified by Administrator on 2019/05/16 07:11
Debt to Equity Ratio Net Cash Flow from Operations Compound Interest Future Value
Current Ratio Compound Interest Earned `"CR Factor"`
Annual Percentage Yield Cash Flow Simple Interest Earned
Rating

The Leon Financial Accounting calc is used to calculate the following finance and accounting equations:

Example

In Calculating the Simple Interest earned below is the solution based on the Calc.

 1) Dick takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.

Solution:
From the details given in the problem Principle = P = $8,000 and R = 9% or 0.09 expressed as a decimal.

As the annual Interest is to be calculated, the time period T =1. 

Plugging these values in the simple Interest formula, 

I = P x T x R 

8000 x 1 x 0.09

720.00

Annual Interest to be paid = $720

                         Example Retrieved from: 
http://www.ask-math.com/solved-examples-on-simple-interest.html//