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Earn +20 ptsQ: How much is interest on 20000 at 3 percent?
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How much is 3 percent interest on 150000?
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.
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
What is 3 million dollars divided by 20000?
0.0001
What percentage is 20000 of 3 million?
percentage = 0.6667% % rate: = 20000/3000000 * 100% = 2/3 * 1% = 0.6667
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.
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