Quandaries and Queries


how much money is 3 days interest on one million dollars?

Thank you



Hi Teresa,

You didn't tell me the interest rate. Just to see what to do let's say that the interest rate is 5% per year. At 5% per year one million dollars would earn

$1,000,000 0.05 = $50,000 in one year.

Thus you would get

 $50,000/365 3 interest in 3 days.



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