2 percent of 1000 would be 20.
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6 % of 1000 = 6/100 * 1000 = 0.06 * 1000 = 60
most time its 2 percent...so 1,020 dollars not much
Two possible names for 1000% are 10.00 or 20/2
Assuming that is 7.25% APR, then, as it's compound interest: amount = 1000 x (1 + 7.25%)^2 = 1000 x (1 + 7.25/100)^2 = 1000 x 1.0725^2 ≈ 1150.26
20%