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I = prt <-- formula for simple interest, but the rate must be the monthly rate for your problem. Per month means one month (time, t)
4% = 0.04 is an anual interest rate .... monthly rate (r) = 0.04/12
so... I = 40,000 x 0.04/12 x 1 --- multiply and divide to get the answer.
Another way: find anual interest, then divide by 12 for monthly interest.
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∙ 11y ago
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How much interest will you earn in a year on 1000000 at 4 percent per year?
You will earn 1000000*4/100 = 40000.
How much is 3 percent interest a month on 170.000?
3 percent of 170 is 5.10
How much interest a month on 300000 at 1 percent?
It would come out to about $250 a month at 1% per annum.
How much is 15 percent of 40000?
15% of 40,000 = 6,000
How much is 2 percent of forty thousand?
40000 ÷ 100 × 2 = 800
How much interest will you earn in a year on 1000000 at 4 percent per year?
You will earn 1000000*4/100 = 40000.
How much is 3 percent interest a month on 170.000?
3 percent of 170 is 5.10
How much interest will you earn on 600000?
40000
How much interest a year on 40000?
400
How much is 33 percent of 40000 dollars?
3% of $40,000= 33% * 40000= 0.33 * 40000= $13,200
How much money do good lawyers make a month?
they make about 40000 a month
How much interest a month on 300000 at 1 percent?
It would come out to about $250 a month at 1% per annum.
How much does bennedict vilakazi earn per month?
40000
How much is 15 percent of 40000?
15% of 40,000 = 6,000
How much interest would be paid on 11000.00 at 6 percent per month?
11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
How much is 2 percent of forty thousand?
40000 ÷ 100 × 2 = 800
How much is 5 percent of 40000?
10% of 40000 is 4000 (divide it by 10) so half of that is 2000 (10 divided by 2 is 5)
