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How much is a 6 percent interest on a loan is that a good rate?
$60 of your loan
Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
Suppose Betty takes out a loan for 300 at an annually compounded interest rate of 6 percent to be repaid after 5 years How much will be required to pay off the loan?
390.45
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
20000.00 loan for 50 days at 6 percent interest?
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
What is a good interest rate for a personal loan?
Between 6 and 8 percent is reasonable. Usually the local credit union is going to have the best rates.
How can you figure out 6 percent?
Divide by 100, then multiply the answer by 6
How can you find 12 percent out of 6?
Multiply 6 by .12
How do you get 6 percent of something?
Multiply that number by .06
What does 0.06 equal as a percent?
Multiply it by 100 and it is 6%
What is 4 over 6 into percent?
66.7% because 4/6 is equal to .667 and you multiply that to get 66.7 percent.
How do you write the number 6 as a percent?
Multiply a number by 100 to get its percent value: 6 x 100 = 600%
