How is simple interest simalar to percent?

Anonymous

∙ 10y ago

Updated: 10/17/2024

Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.

Wiki User

∙ 10y ago

What else can I help you with?

What is the interest on 3000 at 12 percent?

Simple interest would be 360

What is 13 percent interest on 8000?

Simple interest would be 1040

What is the interest on 600 at 12 percent for 2 years?

Simple interest: 144Compound interest: 152.64

What is a fixed percent of the principal in math?

Simple Interest

What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?

Simple interest = 1000 * 5/100 * 3 = 150

What is the simple interest on 642 for 7 years at 11 percent per annum?

$494.34 Interest= principal amount * time* simple interest %

What is the simple interest to repay a loan in 3 years at the rate of 9 percent?

You already gave the simple interest - 9 percent. Rethink and ask your question again.

What is the simple interest on a 2500.00 loan at 11 percent interest for 3 years?

Total simple interest = 2500*11/100*3 = 825

Interest on 5000000.00 at 3 percent?

150,000 per year (simple interest, no compounding)

What is the worth of 14100 in 7 years WITH 5 percent interest?

19035 by simple interest

What is the simple interest on a loan of 200 at 8 percent interest for 3 years?

$48

Simple interest of 5000 at 5 percent?

250 pa

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