Question:

What is 9% anually of 6000 dollars?

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What is 9% anually of 6000 dollars?

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  1. Well, the answers above are correct...perhaps.

    Is the rate calculated annually only?  Or is it 4.5 percent every six months?  Or is the interest compounded quarterly, monthly, weekly, or daily?

    The compounding period will determine the final amount.

    Absent contrary information, go with the above people who answered correctly for a nine percent annual rate that is not compounded during the term.


  2. $ 540

  3. $540.00

  4. 6000 X .09 = 540, or simply multiply 6x9 and add the 0.

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