That depends on exactly how the interest is calculated. If its calculated once per year the answer would be:
3000 * 16 = 48.000 / 100 = 480,-
If your interest is calculated per month or per 3 months the interest is going to be slightly more.
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To calculate the interest earned on $3,000 at a 7% annual interest rate over 4 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Plugging in the values: Interest = $3,000 × 0.07 × 4, which equals $840. Therefore, the total interest earned would be $840 over the 4-year period.
To find interest rate you multiply the price by the time by the percent
% rate = 75000%= 3000/4 * 100%= 750 * 100%= 75000%
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If the interest is compounded then you would have 6584.91
To calculate the interest earned on $3,000 at a 7% annual interest rate over 4 years, you can use the formula for simple interest: Interest = Principal × Rate × Time. Plugging in the values: Interest = $3,000 × 0.07 × 4, which equals $840. Therefore, the total interest earned would be $840 over the 4-year period.
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
The inflationary premium can be calculated by subtracting the real rate of interest from the nominal interest rate. In this case, if the money rate of interest is 10 percent and the real rate is 7 percent, the inflationary premium is 10% - 7% = 3%. Therefore, the inflationary premium is 3 percent.
% rate = 1000/3000 * 100% = 33.33%
% rate:= 3000/64999 * 100%= 0.0462 * 100%= 4.62%