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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11000*6/100 = 660
6% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
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.
1% because in a year itll be 12% instead of 10%
1 percent of 2,000 is 20 .
300.00
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.