$480 a month. At 9 dollars an hour I would make $48 dollars a day pre tax, roughly $6 bucks an hour. at $15 I would make 96 a day pre tax. which is roughly $12 per hour. Any help on what rate I should mention would help...
If you get twice interest during a year , then it is per annum compounding interest. In per annum interest rate you will get specific rate of interest in a year for your investment. You have fixed deposit of $10,000 and you will get 15%interest per annum for 10 years. This how per annum interst works.
Please show your work here: Total interest for the first year is 15.53% of $5,270, or: .1553*$5,270 = $818.40 The monthly interest is divided by 12 since there are twelve months in a year: $818.40/12 = $68.20. The calculation of $105.40 from Part I above, $68.20 goes to interest and the rest is applied to the principal.