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#11
Jul 2 2009 09:39am
Say you loaned $1000 and get an interest rate of 10%.

The interest you received is ($1000 x .10) = $100.



If someone is paying 110% back, then what you are getting is $1000 x 1.10 = $1100

If someone is paying back with 110% interest than you are getting back $1000 + ($1000 x 1.1) = $2100
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#12
Jul 2 2009 09:40am
Quote (bob_marley77 @ Thu, Jul 2 2009, 11:39am)
Say you loaned $1000 and get an interest rate of 10%.

The interest you received is ($1000 x .10) = $100.



If someone is paying 110% back, then what you are getting is $1000 x 1.10 = $1100

If someone is paying back with 110% interest than you are getting back $1000 + ($1000 x 1.1) = $2100


HOLY MATH TEACHER!!!
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#13
Jul 2 2009 09:41am
Quote (xMest @ Thu, Jul 2 2009, 11:39am)
u realize he's snp?

he fails photoshopping sigs(his current one rofl)

he's bad.


aka vokalev right?
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#14
Jul 2 2009 09:46am
Quote (bob_marley77 @ Thu, Jul 2 2009, 03:39pm)
Say you loaned $1000 and get an interest rate of 10%.

The interest you received is ($1000 x .10) = $100.



If someone is paying 110% back, then what you are getting is $1000 x 1.10 = $1100

If someone is paying back with 110% interest than you are getting back $1000 + ($1000 x 1.1) = $2100


It does all come down to the wording though, and can get confusing.

Paying back 110% of a loan and paying back 110% interest are not the same thing.


Quote (TkM @ Thu, Jul 2 2009, 03:41pm)
aka vokalev right?


Yes. Aka Vokalev. Aka SNP_OVER_EAST.

This post was edited by bob_marley77 on Jul 2 2009 09:48am
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#15
Jul 2 2009 09:47am
Quote (bob_marley77 @ Thu, Jul 2 2009, 11:46am)
It does all come down to the wording though, and can get confusing.

Paying back 110% of a loan and paying back 110% interest are not the same thing.


Right. If you honestly think ppl pay 110% interest...well...lol
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#16
Jul 2 2009 09:51am
Quote (TkM @ Thu, Jul 2 2009, 03:47pm)
Right.  If you honestly think ppl pay 110% interest...well...lol


Haha. Would be nice ofc.

Those kinda loans are where likely the person will default. Of which you're screwed :P

This post was edited by bob_marley77 on Jul 2 2009 09:52am
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#17
Jul 2 2009 09:52am
Quote (bob_marley77 @ Thu, Jul 2 2009, 11:51am)
Haha. Would be nice ofc.


lol, maybe for the bank.


that's like one of those shady car dealership loans that they know you won't be able to pay lol.

This post was edited by TkM on Jul 2 2009 09:52am
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#18
Jul 2 2009 09:53am
Quote (TkM @ Thu, Jul 2 2009, 03:52pm)
lol, maybe for the bank.


Bank's already taken all our money.

They hold our money for peanuts of interest, then they go out and loan it to others and make a shit ton on it.

Greedy bastards.
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#19
Jul 2 2009 09:55am
Quote (bob_marley77 @ Thu, Jul 2 2009, 11:53am)
Bank's already taken all our money.

They hold our money for peanuts of interest, then they go out and loan it to others and make a shit ton on it.

Greedy bastards.


Yeah, they loan it to other banks when they get low or to poor ppl who can't pay it lol. Big ass circle, we're fucked.


WHERES THE CHANGE? lol
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#20
Jul 2 2009 09:55am
but if your paying 110%intrest be the amout recived added with the other 10%?

This post was edited by kanekiller on Jul 2 2009 09:56am
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