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.
Interest is 99.9
556.34
10 percent interest per month any bank name
10% of 100 = 10
$10
$2400
0.05% of 20000 = 10
Interest is 99.9
543.66
10795
556.34
10 percent interest per month any bank name
10% of 100 = 10
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
The total interest will be 1160.53 units of currency.
$10
It will be 726.