First choice 15.75, second 18.00, so better by 2.25 a year
If the interest rate was eight percent, it would take about 9 years to double your principle.
4% difference on the interest rate of the mortgage. IE: One mortgage could be 7% and the other could be 3% so there is a 4% difference in the interest rate of the two mortgages.
5% = 5/100 = 0.05 0.5% = 0.5/100 = 0.005 So the difference is 0.05-0.005 = 0.045
3 percent interest on 150000 is 4500.
Interest is 99.9
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
there is a ten percent difference.