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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.
What percentage is a half?
That would be fifty percent. A half of a dollar is fifty cents, for example.
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.
What is 10 percent of one dollar?
To find 10 percent of one dollar, you would multiply 0.10 (which is the decimal form of 10 percent) by 1. This calculation results in 0.10, which is equivalent to 10 cents. Therefore, 10 percent of one dollar is 10 cents.
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.
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or 10 percent?
A dollar tomorrow would be worth more to you today when the interest rate is 10 percent compared to 20 percent. This is because a lower interest rate results in a smaller discounting effect, making the present value of that future dollar higher. At 10 percent, the future value is discounted less, meaning it retains more of its worth in today's terms. Conversely, at 20 percent, the dollar's present value decreases more significantly, making it less valuable today.
Would a dollar tomorrow be worth to you today when the interest rate is 20 or when it is 10?
A dollar tomorrow is worth less to you today when the interest rate is higher because you could earn more interest on that dollar if you had it today. At a 20% interest rate, the present value of that dollar is lower compared to a 10% interest rate. Specifically, at 20%, the present value of a dollar tomorrow is about 83.33 cents today, while at 10%, it’s about 90.91 cents. Thus, a higher interest rate decreases the present value of future money.
What would payments be on a six thousand dollar loan with a fourteen percent interest rate?
260.00
What would be the amount of compound interest on 8000 invested for one year at 6 percent compounded quarterly round your answer to the nearest dollar?
$491
How do you write one percent of a dollar?
You would write one percent of a dollar as $0.01
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
What is the interest earned on 3180 if it is invested at 6.5 percent for 3½ years rounded to the nearest dollar?
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
What is 60 percent off 1 dollar?
A dollar is made up of 100 cents, so 60 percent of a dollar would be 60 cents.
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
How much would payments be on 59000 thousand dollar property with 10 percent down and 7.5 percent interest?
There are several calculators online that can offer assistance in calculating amortization schedule. In the case of this problem - a $59,000 morgage at 10% down and 7.5% interest over 30 years would be roughly $371.28 per month.
How much will a 1 dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
At simple interest, it would be $3.88 (6 cents per year for 48 years = 2.88). At compound interest, credited annually, it would be $16.39 (rounded). At compound interest, credited quarterly, it would be $17.44 (rounded). Compounding means that once credited, the interest becomes part of the principal for the next interest period.
