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6% of 31 500 is 1890. Thus, you would have 33390 after a month.
If you're asking how much would be gained per month if you compounded at a rate of 6% annual interest rate each month, use the formula: A = 31500(1.005)t where t is the number of months, and A is the accumulated amount.
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Earn +20 ptsQ: How much is 6 percent interest on 315000 monthly?
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How much is monthly interest on 150000 at 3 percent?
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.
How much would 100 invested at 8 percent interest compounded monthly be worth after 6 years?
161.35
How much would 200 invested at 8 percent interest compounded monthly be worth after 6 years?
322.7
How much would 100 invested at 9 percent interest compounded monthly be worth after 7 years?
187.32
How much would 200 invested at 7 percent interest compounded monthly be worth after 5 years?
283.52
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