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Earn +20 ptsQ: What is 3 percent interest of 7500 over 1 year?
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What is 3 percent interest of 10000 over 1 year?
It is 300.
Juan deposited 200 in a savings account earning 3 percent interest over 2 years What was the total amount of interest earned after 2 years?
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
What is 16 percent interest rate on 3000 over a year?
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.
What is the interest on P5000 for 1 year at 6 percent?
300
What is the percent of the princaple earned as interest in one year called?
The annual (or annualised) interest rate.
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