To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
It doesn't matter how much the original investment is. If it triples in 5 yearswith monthly compounding, then the interest rate is 22.175% (rounded)
161.35
322.7
To calculate the monthly interest from an investment of $50,000 at a 3% annual interest rate, you first divide the annual rate by 12 months. This gives you a monthly interest rate of 0.25% (3% ÷ 12). Multiplying this monthly rate by the principal amount ($50,000) results in a monthly interest of $125.
To calculate the monthly interest on $150,000 at an annual interest rate of 3 percent, first convert the annual rate to a monthly rate by dividing by 12. This gives a monthly rate of 0.25 percent (3% ÷ 12). Then, multiply the principal amount by the monthly rate: $150,000 × 0.0025 = $375. Therefore, the monthly interest is $375.
A person can win one million pound sterling jackpot every month. NS&I doesn't pay interest, but what it does it to organize these monthly prize draws with a one million pounds sterling jackpot and over a million other cash prizes.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
(1/4)% of 1% of 900000 = (1/4)/100 x 1/100 x 900000 = 1/4 x 90 = 22.5
110,082.80
110,082.80
900000
Around $9,816.87
It doesn't matter how much the original investment is. If it triples in 5 yearswith monthly compounding, then the interest rate is 22.175% (rounded)
The interest earned on a million rand per month depends on the interest rate. For example, with a 5% annual interest rate, the monthly interest would be approximately 4,167 rand. If the rate is higher or lower, the monthly interest will adjust accordingly. Always check the specific rate to calculate accurately.
900000 a week