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Dante wants to buy a new sound system for his room. He borrows 500 from his older sister and agrees to pay her 6 simple annual interest. How much interest will Dante owe at the end of 3 years?
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Dante wants to buy a new sound system for his room He borrows 500 from his older sister and agrees to pay her 6 percent simple annual interest How much interest will Dante owe at the end of 3 years?
500*6/100*3 = 90
Solve simple investment problems using the simple interest rate method?
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
What is the interest on R528 at 7 percent simple interest over 2 years?
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
Dante wants to buy a new sound system for his room He borrows 500 from his older sister and agrees to pay her 6 percent simple annual interest How much interest will Dante owe at the end of 3 years?
500*6/100*3 = 90
How much interest is earned on the account?
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
Solve simple investment problems using the simple interest rate method?
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
If James borrows 4200 to pay his college tuition. He signs a year simple interest loan. lf the monthly payments are 78.40 what is the interest rate on the loan?
the number equals
What is the interest on R528 at 7 percent simple interest over 2 years?
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
What if William received a 5000 car loan with a simple interest rate of 8 per year. If he borrows the money for 2 years how much interest will he pay?
With simple interest the interest is on the capital only. For 2 years, the interest is 2 × 8% of 5,000 = 2 × 8/100 × 5,000 = 800
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
What is the formula for finding interest?
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
