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Steve was charged sixty dollars interest for one month on a three thousand dollar credit card balance what was the monthly interest rate show your work?
Wiki User
∙ 14y ago
60 divided by 3,000 = 2 %
Wiki User
∙ 14y ago
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How long would it take to spend 60 billion dollars if you spent a million dollars a day?
Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.Assuming the balance of the money earned no interest, it would take 60 thousand days = more than 164 years.
How much interest will you earn on eight hundred thousand dollars?
that depends on the interest perscent
How much is Fifty million dollars at daily interest rate?
5 thousand dollars
If an account balance is being charged 1 percent interest per week is this the same thing as saying 52 percent per year. What is the equation for finding the true annual rate of interest?
No if the account earns interest daily, it's earning interest on interest essentially. So if you have $100 and you earn 1% interest, you would have $101 dollars the next day and earn 1.01 dollars in interest, and so on.
How much will you pay in interest on five thousand dollars?
It depends on the interest rate agreed with the lender.
What is 3 percent interest on 11 thousand dollars?
11000*3/100 = 330 dollars.
What is the formula used to calculate 8.5 percent interest on a credit card with a balance of five hundred dollars?
Credit card companies use several methods to calculate interest. There can be one or two billing cycles per month. Interest can be charged on the daily balance, new purchases, etc. You should refer to the "How finance charges are calculated" section of you billing statement.
What is the percent to invest 1 million dollars to gain seventy thousand dollars in interest per year?
Seven percent.
How do you write a check of a balance of 5800?
Five thousand, eight hundred and 00/100 dollars
How much interest is gained on two hundred thousand dollars?
There is not enough information in the question ! It depends entirely on what the interest rate is - and the length of time the interest is applied !
Does Chase bank have free checking accounts?
Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.
What is one thousand dollars from 1900 worth in 2012?
It depends on how you are evaluating it. For example, was it invested and drawing interest?
