40% (1400000/3500000) * 100 = 40
3500000
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
It is [1 - (1.015)^12]*100 % = 19.56 %
If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.
40% (1400000/3500000) * 100 = 40
3500000
25% of 3.5 million= 25% * 3500000= 0.25 * 3500000= 875,000
50 is 0.001428571% of 3.5 million.
me dont know...that s why i m asking
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
It is [1 - (1.015)^12]*100 % = 19.56 %
If every six months the capital earn 10% interest which is compounded, at the end of 5 years, the interest will be 31875. If the annual interest rate is 10%, it makes no difference how often it is compounded. The six monthly interest rate is adjusted - to 4.88% rather than 5% - so that the total interest for a year is 10%.
Interest is 99.9
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
2.25