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How much would you pay back on a simple interest loan with a principle of 105000 at 6.3 percent for 5 years?
Wiki User
∙ 11y ago
138,075
I = Prt; P = 105,000; r = 0.063 and t = 5.
I = 105,000x0.063x5 = 33,075.
A = P+I = 105,000+33,075 = 138,075.
Wiki User
∙ 11y ago
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If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the term of a loan with a principle of 15300 dollars a rate of 3.5 percent and a simple interest of 2142 dollars?
If the 3.5 percent is per year, with simple interest you have the equation: 2142 = 15300*0.035*t ; then solve for t = 4, so 4 years.
How is simple interested calculated differently from coupounded interest?
With compound interest the interest amount is added to the principle and then earns interest as well. This is usually expressed as an annual percentage rate (APR). Simple interest is not added to the principle and does not earn further interest and is used rarely.
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is a fixed percent of a principle?
It is a fixed rate of simple interest.
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00. calculate your interest and your principle for two years?
18.90currency as an interest..
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00 calculate your interest and your principle for two years?
18.90 as an interest. and principle wil remain same.
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is 3 percent of 300000 over 30 years?
If the interest is simple interest, then the 300,000 earns an additional 270,000 in 30 years (on top of the principle). If the interest is compound interest paid annually, then the 300,000 earns an additional 428,178.74 in 30 years (on top of the principle).
What is the term of a loan with a principle of 15300 dollars a rate of 3.5 percent and a simple interest of 2142 dollars?
If the 3.5 percent is per year, with simple interest you have the equation: 2142 = 15300*0.035*t ; then solve for t = 4, so 4 years.
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
How is simple interested calculated differently from coupounded interest?
With compound interest the interest amount is added to the principle and then earns interest as well. This is usually expressed as an annual percentage rate (APR). Simple interest is not added to the principle and does not earn further interest and is used rarely.
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 simple interest on a loan of 16500 for 2 years at 8 percent per year?
Simple interest equals principle (p), times rate (expressed as a fraction) (r) times time (in years) (t). So 16500*(8/100)*2= 2640.
