Cook the eggs for up to 12 minutes. Set your microwave on medium power and begin microwaving the eggs. The eggs may take anywhere from six to 12 minutes to become hard boiled, depending on your microwave. The eggs may be ready sooner if your microwave is high-powered or if you prefer your eggs softer.
Perkins Loans carry a fixed interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program has a nine-month grace period, so that borrowers begin repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university.
The rate of interest is 2% per month. For 12 months the equivalent rate of interest is (1+.02) ^12 -1. This is approximately 26.82 %. The equivalent annual interest rate for the credit card is 26.82%. So for an amount of $1000, the interest to be paid is $268.2.