1500 dollars
To calculate 3 percent interest on $6,000, multiply $6,000 by 0.03. This equals $180. Therefore, 3 percent interest on $6,000 is $180.
14.4%
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
112,000
18.90currency as an interest..
To calculate 3 percent interest on $6,000, multiply $6,000 by 0.03. This equals $180. Therefore, 3 percent interest on $6,000 is $180.
The highest interest accounts can be found in Savings accounts. Banks may offer specials of up to three percent in order to get your business. A more common rate is 1.5%.
14.4%
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
Savings accounts with traditional banks typically do not have high interest rates. Banks such as Ally or ING Direct offer slightly higher interest rates that are approximately .75 to 1 percent.
32
24.88
There is a due date on the payment, if you miss that, the charge added to your balance is 2 percent per month till you get current.
0.04849%
112,000
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
18.90currency as an interest..