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How much interest would be paid on 11000.00 at 6 percent per month?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
Wiki User
∙ 11y ago11000*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.
How much interest a month on 300000 at 1 percent?
It would come out to about $250 a month at 1% per annum.
What would be the monthly payment on 90000 mortgage at raate of 75 percent interest for 30 years?
At 75% interest and no other variables, the payment would be $5,625.00 per month. <><><> However, if you meant 7.5% (a more realistic interest rate) principal and interest would amount to 629.29 oer month. Add to that taxes and insurance.
If during a given month your average daily credit card balance is 800 and your interest rate is 17 percent how much interest do you owe on your credit card for that month?
At 17%... you would pay 136 in interest at the end of the month in addition to the 800 outstanding. UNLESS you mean an ANNUAL rate of 17% - in which case the monthly interest payable would be 11.33
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.
How much interest per month is an investment of 150000 at 4 percent?
That would really depend on the investment strategy, are you getting 4% per month, per year or per week (yes they are all possible)? 4% of $150,000 is $6,000. If your interest rate is annual then monthly return would be $500. If your interest rate is monthly then it would be $6,000 and of coarse weekly interest rate of 4% would give you $24,000 monthly. It all comes down to interest rate over what period of time then factored by the month. 6000$
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%
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How much is 6 percent interest on 315000 monthly?
6% of 31 500 is 1890. Thus, you would have 33390 after a month. If you're asking how much would be gained per month if you compounded at a rate of 6% annual interest rate each month, use the formula: A = 31500(1.005)t where t is the number of months, and A is the accumulated amount.
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
How much do you pay for a loan of 8500 at 11 percent?
To determine how much interest you would pay for any type of loan, you need to know how long you will be repaying the loan (e.g. 48 months, 72 months) and/or how much you will be repaying each month. For a loan of $8,500 with 11% interest, you would pay $2319.11 in interest if you paid $200 per month. But if you paid $400 per month, you would only pay $997.62 in interest. To calculate other repayments, see the link under "related links" for Bankrate's interest calculator.
What is 16 percent interest rate on 3000 over a year?
That depends on exactly how the interest is calculated. If its calculated once per year the answer would be: 3000 * 16 = 48.000 / 100 = 480,- If your interest is calculated per month or per 3 months the interest is going to be slightly more.
