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Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or when it is 10 percent?

10 percent.


How much money is ten percent interest?

It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.


What is the interest rate on the discover card for students?

The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.


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.


The government can meet its interest bill without having to levy taxes if it issues more bonds and if the?

The government can meet its interest bill without having to levy taxes if it issues more bonds and if the?


What is an example of an inexpensive loan and a medium price loan and a expensive loan?

An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.


How do you get addicted to horror movies or books?

By getting interested, and having more interest in them.


How much interest will 900 earn in one year at 4.75 percent?

4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.


What does 13 percent represent?

More than an eighth less than a seventh. A great interest rate if you are lending, a horrible interest rate if you are borrowing.


How do I Calculate interest on 100000?

To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.


150 if invested for three years at a 9 percent interest rate?

$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.


How much interest would you gain from 2000 dollars at 6 percent for five years?

Assuming simple interest, just multiply 2000 dollars x (6/100) x 5. For compound interest, the formula is a bit more complicated. You would get some more interest in the case of compound interest.