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5 yrs @ 7% = 35% in total. 35% of 15000 = 35 x 150 = 5250

Q: How much interest pay on a 15000 loan for 5 years at 7 percent?

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The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.

95

The interest is 5 X 0.09 X 14500 = 6525.

365$ give or take :)

The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.

Related questions

$48

The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.

95

79.17

5 percent

The monthly interest is 100.

1359.45

2,500.58 (A+)

$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.

$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.

It is 240 currency units.

110.27