Best Answer

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.

Q: 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?

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177.50

The simple interest over a period of five years is $463.70

Five percent is five percent. But five percent of 200 is 10.

763.89

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Related questions

Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.

Eleven..? months? years?. Simple or compound interest?

67.57

177.50

463.72

He would make 250*(5.4/100)*5 = 67.57

Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.

13,807.50

"4045.50"

Five hundredths of one percent !

700

$10,455 a+ls