That would depend on the original principal (the amount you borrowed) and how they compute interest.
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∙ 12y agoThe 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.
$48
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
79.17
95
Auto loan interest payments are calculated using an amortization schedule.
The monthly interest is 100.
5 percent
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.