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11000*6/100 = 660
6% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
11000*6/100 = 660
6% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
11000*6/100 = 660
6% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
11000*6/100 = 660
6% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
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What is the simple interest on a loan of 5700 dollars at 5.3 percent for 4.5 years?
The number of years does not matter in this question. At exactly $5700 at 5.3% interest, you would pay $302.10 for the month.
Would you rather receive simple interest at the rate of 10 percent per year or 1 percent per month Explain?
1% because in a year itll be 12% instead of 10%
How much interest would you receive for 2000 at 1 percent interest rate for 1 year?
1 percent of 2,000 is 20 .
How much interest would you earn of a 30000.00 5 percent?
300.00
How much would 2000 become in 10 years at 5 percent interest?
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
