Find the interest and the amount in the following cases.
a) 10,000 for 3 years at 5% per annum
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Calculating Per Annum Interest
- To calculate a monthly interest payment based on a per annum interest rate, multiply the principal basis for the loan by the annual interest rate. ...
- Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month.
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