0
Still curious? Ask our experts.
Chat with our AI personalities
Jordan
Steve
LaoAdd your answer:
Earn +20 pts
What is the interest in one year on 744 million pounds?
That depends on the rate of interest to be applied.
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)
How much interest does a million dollars earn in a month?
Assuming an interest rate of x% (per year), you will earn 1,000,000 times x/100 / 12
What is the accumalation of 250million PER YEAR if the interest is 1 percent?
1 percent of 250 million is 2.5 million .The accumulation per year depends on whether it's simple, annual interest,or whether it's compounded at some interval during the year.You also need to know whether it's going to be compounded after the first year,because if it is, then you head into the second year owing 252.5 million, not 250.
How long would it take to earn 1 million pounds?
You need to be very clear to distinguish between earn and make. People is some jobs can make 1 million pounds in a year or less but that does not mean they earn it!
