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VMonique wants to take out a simple interest loan for 2500 at 6.7 percent for 3.5 years How much will she pay in interest?
Wiki User
∙ 12y ago
For simple interest, just multiply the capital (in this case 2500) times the interest rate (divided by 100) times the number of years.
Wiki User
∙ 12y ago
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Monique wants to take out a simple interest loan for 2500 at 6.7 percent for 3.5 years How much will she pay in interest?
586.25
Alfred wants to invest 4000 at 6 percent simple interest rate for 5 yrs how much interest will he received?
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
Kelvin wants to know how much simple interest he would make in 5 years on the amount of 250.25 at 5.4 percent interest?
it would be 5.4*5 = 27 %27% of 250.25 = 67.5675
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Alfred wants to invest 4000 at 6 percent simple interest for 5 years how much interest will he receive?
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .
Monique wants to take out a simple interest loan for 2500 at 6.7 percent for 3.5 years How much will she pay in interest?
586.25
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
Matt wants to take out a simple interest loan on a car priced at 14289 The interest rate is 3.5 percent for 5 years How much will he pay in interest during the term of the loan?
2500.58 (A+)
Alfred wants to invest 4000 at 6 percent simple interest rate for 5 yrs how much interest will he received?
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
Kelvin wants to know how much simple interest he would make in 5 years on the amount of 250.25 at 5.4 percent interest?
it would be 5.4*5 = 27 %27% of 250.25 = 67.5675
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Shaun wants to split his 500 into two accounts He wants to deposit 125 at 4.9 percent interest in one account and the rest at 5.0 percent interest in another account?
24.88
Alfred wants to invest 4000 at 6 percent simple interest for 5 years how much interest will he receive?
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .
Alfred wants to invest 4000 at 6 percent simple interest rate for 5 years How much interest will he receive?
he will receive $1,200ANSWER:Yes $1,200 is the correct answer but the logic behind it is that, it is using simple interest term means here 6 is representing interest for a year, Inorder to calculate the whole interest we will multiply 6 by 5 years we will get 30%.The total interest he will get $4,000 x 30% = $1,200.
Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
Dante wants to buy a new sound system for his room He borrows 500 from his older sister and agrees to pay her 6 percent simple annual interest How much interest will Dante owe at the end of 3 years?
500*6/100*3 = 90
Monique wants to take out a simple interest loan?
She should be so lucky. Most institutions will only lend with interest charged on a compound basis.
