60000 x 10% = 6000
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10^5
10 per cent of something is a ratio of 1:10
10% of 10.50 = 10.50*10/100 = 1.05.
ppt = parts per thousand per cent = part per hundred so 10 ppt = 1 % and then 35 ppt = 3.5%
A simple interest rate of 10 per cent per year will double a sum of money in ten years.