What is 15 percent interest on 1000?

Answer 1

To calculate 15 percent interest on $1000, you first convert the percentage to a decimal by dividing by 100, which gives you 0.15. Then, you multiply the principal amount ($1000) by the decimal interest rate (0.15) to find the interest amount. Therefore, 15 percent interest on $1000 would be $150.

Answer 2

Oh, dude, 15% interest on 1000 bucks? That's like 150 dollars. So, if you borrowed a grand, you'd owe back 1150 smackers. But hey, who's counting, right?

Answer 3

The annual interest is 150

Add this to your originial investment and you have 1,150