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To calculate 3% interest on $150,000, you first convert the percentage to a decimal by dividing by 100, which gives you 0.03. Then, you multiply the decimal interest rate by the principal amount ($150,000) to find the interest. Therefore, 3% interest on $150,000 would be $4,500.
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What is 3 percent 150000?
3% of 150000 is 4500.
Jerry invested 14000 in a certificate of deposit at 5 percent he also put 2500 in a savings account at 3 percent how much interest will he earn after?
775
How much is interest on 20000 at 3 percent?
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.
Which loan would cost the borrower less money 2000 at 8 for 3 years or 2000 at 9.5 percent for 2 years How much interest would the borrower save by taking the cheaper loan?
8 percent of 2000 is 160 x 3 = 480 9.5 percent of 2000 is 190 x 2 = 380 100 hundred dollars cheaper.
Is 3 percent equal to 75 percent?
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.
