35 x 6 x 10 ie 2100
4408.992
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
16 percent of 3500 is 560.
35 to a percent = 3500% 35 * 100% = 3500%
2.5 years
4408.992
As a quick approximation, you can multiply 3500 x 3 (years) x 0.01 (= 1%). But actually, banks will capitalize the interest, i.e., your money will be multiplied by a factor of 1.01 (1 + 1/100) per year; therefore the following calculation is more accurate: 3500 x 1.013
You have failed to tell us to what period of time the 9½% interest is applied - is it Yearly, Monthly, Daily (if only - I can but dream). I will guess that it is 9½% APR simple interest. With Simple Interest, the interest is gained only on the capital and not any interest reinvested. → 1 year's interest is 9½% of 3500 = 9.5/100 × 3500 = 332.50 → 1½ years interest = 1½ × 1 year's interest = 1.5 × 332.50 = 498.75
16 percent of 3500 is 560.
3500/10000 x 100 = 35 percent.
35 to a percent = 3500% 35 * 100% = 3500%
13% of 3500= 13% * 3500= 0.13 * 3500= 455
6.25% of 3500= 6.25% * 3500= 0.0625 * 3500= 218.75
15% of 3500 = 15% * 3500 = 0.15 * 3500 = 525
He pays $696.50 interest.
50% of $3500 = 50% * 3500 = 0.5 * 3500 = $1750