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Got a math question fer ya
bpost
Member Posts: 32,664 ✭✭✭✭
If someone owed you $3,000.00 for five months at 8 percent interest how much would they have to pay you in interest?
Comments
$3000 x .00667 = $20 a month.
Next time charge 12%. The math is easier. [1% of principle due per month].
I was close though 8% of 3k isn't hard to figure without a calculator.[8D]