2006-12-03 05:17:12 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
As a rough guide, knock of three zeros and thats weekly interest at 5%. So £200 a week = £800 a month.
2006-12-03 05:19:54 · answer #1 · answered by freelander 5 · 0⤊ 0⤋
Hi ! u 've not mentioned the terms for interest calculations.Any way the following is the blunt formula for urs.
I=PNR/100
Where I=INTEREST
P=PRINCIPLE
N=NO.OF YEARS
R=RATE OF INTEREST
200000*1*5/100=10000 P.A
10000/12=833.34
2006-12-04 16:55:41 · answer #2 · answered by simon p 1 · 0⤊ 0⤋
£200 000 with a 5% interest will give you £10 000 a year so divided by 12 will be about £833 a month.
2006-12-03 05:26:39 · answer #3 · answered by niclef 2 · 0⤊ 0⤋
Totally depends on how the interest is compunded...daily, weekly or monthly. Without the time period, you will come up with a minimum of three different amounts.
2006-12-03 09:05:40 · answer #4 · answered by dougzinboston 4 · 0⤊ 0⤋
150 per month after my fee.
Please let me handle your money as I can see that you can't even work a calculator or do simple hand-written arithmetic and therefore definately need my assistance.
2006-12-05 16:47:46 · answer #5 · answered by Billybean 7 · 0⤊ 0⤋
It must not be your money
2006-12-03 05:43:53 · answer #6 · answered by Gone Golfing 2 · 0⤊ 0⤋