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Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
What is 10 percent of 61000?
How? 10 percent of a number which has at least one zero at the end means that just remove the zero at the end. Only remove one zero. So, the number is 61000. Then, remove the zero. 61000 divided by 10 is 6100. Also you can divide the number by zero.
What is 28 percent interest on 4 million dollars?
percent means out of 100. → 28% of $4m = 28/100 × $4,000,000 = $1,120,000
How do you write out 0.040 percent into words?
Zero point zero four percent.
How does the definition of percent helps you write fraction and decimal equivalents?
"Percent" means for every 100 37% = 37/100 = 0.37
