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    ronaldhyd's Avatar
    ronaldhyd Posts: 8, Reputation: 1
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    #1

    May 9, 2009, 12:06 AM
    Percentage of Interest earned
    Invested an amount of $1,000,000.00 and earned a profit of $200,000.00 in exactly 1 month duration, what is the percentage of earning?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    May 9, 2009, 05:08 AM

    The percentage of earning is 20%.
    As this has been achieved in a MONTH,
    Translated it means 240% per annum.
    Not a bad return.

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