what interest would you pay if you had £1000 at 12% for 2 month

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what interest would you pay if you had £1000 at 12% for 2 months

Guest Jul 29, 2014

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Best Answer

12% pa,

2months is 2/12 = 1/6 of a years so interest it 12/6=2%

2% of 1000 pounds = 0.02*1000 = 20 pounds

Melody Jul 30, 2014

Melody · Answer 1 · 2014-07-30T08:47:12

12% pa,

2months is 2/12 = 1/6 of a years so interest it 12/6=2%

2% of 1000 pounds = 0.02*1000 = 20 pounds

Guest · Answer 2 · 2014-07-29T04:38:14

239.67 euros