If I borrow $5.00 from someone and I endow with them $50.00 within return.What be the interest rate?
Answers:
900% Interest Rate
You enjoy taken $ 5.00 and going to return beside Interest $ 50
50-5 = 45 /5 *100 = 900%
Capital Amount $ 5.00
Int. Rate (a) 900% $ 45.00
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Total $ 50.00
how several daylight r between the daytime you borrowed and return?
It depends on how long you have the money and if it be remunerated contained by installments or all at once.
depends on how long it took you to pay packet it spinal column
1000%, using however long it took to wages it vertebrae as down time used surrounded by the interest rate (such as 1000% per year)
dang check cashing places! They're the devil! $50.00 for a Slurpee and a Kit Kat!! It's "interestingly" over priced I'd influence!!
You forgot to say aloud how long your going to owe them
Depends on how long earlier you rewarded them spinal column. If it be 50 years, not much - if it be a month, huge.
It doesn't business how long you have the loan out, it's still around a 900% return rate.
Geeze...can I loan you some money??!! LOL