10 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.
That would be fifty percent. A half of a dollar is fifty cents, for example.
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.
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.
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.
260.00
$491
You would write one percent of a dollar as $0.01
Simple interest would be 360
Simple interest would be 1040
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
A dollar is made up of 100 cents, so 60 percent of a dollar would be 60 cents.
If compounded and assuming the amount was 3180 dollars, it would be 784 dollars.
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.
1 percent of 2,000 is 20 .
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.
10% interest means that for every dollar, you pay back $1.10. Interest is usually given as an annual rate, so you would owe that much at the end of one year. So if you borrow $100, at the end of a year you will owe $110.