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How much interest on 157 million pounds?
At the current bank of england interest rate 0.5%, £157 million pounds would pay interest of £785,000 per year, or £65,416.68 per month.However if you are a UK tax payer, and if you have £157 million pounds earning you interest you most certainly will be. You will have to pay tax on that interest.It breaks down to (for the average person)£65,416.68 Gross Income (interest paid to you)£28,279.01 Tax (you have to pay this)£1,576.20 National Insurance (you have to pay this)Leaving you with a total of£35,561.48 Per Month (This is the amount of money you get to keep and spend)
What is the interest in one year on 744 million pounds?
That depends on the rate of interest to be applied.
What is the interest in one year on 744 million pounds sterling?
Depends on the interest rate.
What is the interest on 3 million pounds?
It depends on the interest rate being offered by the financial institution of your choice as well as the period under consideration.
How much interest would you make if you had 1 million pounds in the bank?
on average £312.00 per day...!
