How much is interest on 20000 at 3 percent?

Answer 1

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.

Answer 2

To calculate the interest on $20,000 at 3% interest, you would use the formula: Interest = Principal x Rate. In this case, the interest would be $20,000 x 0.03 = $600. Therefore, the interest on $20,000 at 3% would be $600.

Answer 3

20000*3/100 = 600 per period.