In simple interest, 50,000 would earn 1,500 in one year.
You would earn 1750.
20,000
You will earn 1000000*4/100 = 40000.
It would be $50,000 if it is computed once a year.
In simple interest, 50,000 would earn 1,500 in one year.
You would earn 1750.
20,000
You will earn 1000000*4/100 = 40000.
$2500
It would be $50,000 if it is computed once a year.
5 million
$450.
2500
2500
100
3.5% of 40,000 = 40,000*3.5/100 = 1400