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-   -   Percentage of Interest earned (https://www.askmehelpdesk.com/showthread.php?t=351539)

  • May 9, 2009, 12:06 AM
    ronaldhyd
    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?
  • May 9, 2009, 05:08 AM
    ROLCAM

    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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