Best Answer

That all depends on how often you make payments, and the size of each payment.

You certainly know this if you've ever used a credit card, and been the one responsible for the payments.

Regarding the question ... nobody in his right mind borrows money at 10% per day interest.

In the USA, there are "usury" laws that outlaw that kind of interest rate.

Q: How many years will it take to pay a loan of 7 trillion dollars back at a 10 percent per day interest rate?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

9999.00

225,530.30

The total interest would be 73606.07 dollars, approx.

The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.

477,567

Related questions

If the rate is 6 percent per year, then compounding daily will make no difference. If the rate is 6% per day, then 2000 dollars will be worth approx 1.0042*10^68 dollars. That is approx one hundred million trillion trillion trillion trillion trillion dollars.

200000000 dollars

In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.

225,530.30

9999.00

The total interest would be 73606.07 dollars, approx.

The amount of interest that will be paid over 4 years on 1 million dollars is $145,419.75. This figure is configured with an interest rate of 7 percent. The amount can change based on amortization of the loan.

477,567

72

102102.52

249.88 dollars

what is the percentage of 3.5 of 100.000