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If you borrow 100,00.00 from a bank at 5% interest for 3 months how much will they charge you?

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If the interest is per month the total interest you would be charged would be 10000*0.05=500 per month
500*3= 1500 (in total)

If the interest is per year (per annum), and you pay the bank back after three months, the interest would be:
10000*0.05=500
500*0.25 (quarter of the year)=125.

If the 5% interest is simply after the three months, the total you would pay in interest would be 500.

Hope this helps

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If it's $100,000, then it would be $1,250.

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Are you sure, $3,500.00 sounds more right !! Thanks anyway !!!
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$33,611.50
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oops sorry i ment to post that as an answer :P
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1500,hope this is helpful

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$33,611.50 per month if its 5% per month interest

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Just ask the guy giving you the loan?

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