12% of 3000 dollars = 3000*12/100 dollars = 360 dollars.
3000*(7/100)*(6/12) = 105 dollars
Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny
3000
3000
12% of 3000 dollars = 3000*12/100 dollars = 360 dollars.
360 is 12 percent of 3000
3000*(7/100)*(6/12) = 105 dollars
360
Simple interest of £3000 over 5 years: 3000*0.035*5 = £525 Compounded interest of £3000 over 5 years: 3000*(1.035)^5 -3000 = £563.06 rounded to the nearest penny
3000
3000
Simple interest: 144Compound interest: 152.64
If the interest is compounded then you would have 6584.91
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.
Express 3 percent as a decimal (0.03) and multiply by the original number =100000*0.03 =3000
3000*(1+3.25/100)5 = 3520.23 (rounded).