3% of 150000 is 4500.
775
Oh, dude, you're hitting me with some math now? Alright, so if you have $20,000 and the interest rate is 3 percent, you'd earn $600 in interest. But hey, who's counting, right? Just throw that number in the bank and watch it grow... slowly.
8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.
No. The best way to explain this is to look at it as 100 pennies, which equals a dollar. Three pennies would be 3% of a dollar, and 75 pennies would be 75% of a dollar (or 3/4 of a dollar). 3 percent is equal to 0.03, or 3/100, while 75 percent is equal to 0.75, or 75/100. Therefore, 3 percent is much, much less than 75 percent.
3% of 150000 is 4500.
3% = 0.030.03 x 150,000 = 4,500
3 percent of 170 is 5.10
$2400
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
3% of 550000 = 550000*3/100 = 16500
$2,500 is your answer
128.75
Express 3 percent as a decimal (0.03) and multiply by the original number =100000*0.03 =3000
It is 16,500. That would give you a total of 566,500.
You will have $11576.25
In simple interest, 50,000 would earn 1,500 in one year.