> What is 3% OF $10,000 per year?

What is 3% OF $10,000 per year?

Posted at: 2014-12-05 
Using a once a year payout, $300.00. If the payout is more often, then you'd need to figure out the interest in a different manner, as you'd be getting interest on the interest.

Remember that worthless algebra class you took? Well, try to think back ....

$300 a year, not much

Teach a man to fish:

.03 * 10,000 = 300

it is 40