GARRETT G.
asked • 09/19/16What is 9000% interest on a single cent. 0.01
I'm trying to figure out what a 9000 percent interest rate on a penny would be just $0.01 but 9000 percent interest on $0.01 if somebody loan me a penny with a 9000 percent interest rate what would I have to pay them back in the end?
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1 Expert Answer
Sherry S. answered • 09/19/16
Tutor
4.9
(89)
Because no one should have to say, "I was never any good at math."
9000% = 90.00
.01 x 90 = 0.90
:) Colossians 3:23
Mark M.
i = p · r · t
If time is not specified, interest cannot be calculated.
You present 9000% of a number, not interest.
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09/19/16
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Mark M.
09/19/16