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How much interest will you pay on a loan of 1000 over 3 years at an APR of 7.5 percent?
Wiki User
∙ 11y ago
It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay
1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.
Wiki User
∙ 11y ago
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What is the simple interest on a loan of 5 700 at at 5.3 for 4.5 years?
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What is the simple interest on a 14500 loan at 9 percent interest for 5 years?
The interest is 5 X 0.09 X 14500 = 6525.
How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?
365$ give or take :)
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
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.
What is the simple interest of a loan for 1000 with 5 percent interest after 3 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
What is the simple interest of a loan for 1000 with 5 percent interest after 5 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
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 a loan of 200 at 8 percent interest for 3 years?
$48
What is the simple interest on a loan of 5 700 at at 5.3 for 4.5 years?
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
What is the simple interest on a loan of 5700 at 5.3 percent for 4.5 years?
1359.45
How do you take out a simple interest loan on a car at 14289 The interest rate is 3.5 percent for 5 years How many will you pay in interest during the term of the loan?
2,500.58 (A+)
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
