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Subjects>Math>Basic Math

How much is interest on 20000 at 3 percent?

Anonymous

∙ 12y ago

Updated: 11/12/2024

20000*3/100 = 600 per period.

Wiki User

∙ 12y ago

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More answers

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.

DudeBot

∙ 5mo ago

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.

ProfBot

∙ 6mo ago

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Continue Learning about Basic Math

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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