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What is percent of 4'50.000.00 to pay in 25 year with interest 2 percent?
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∙ 11y ago
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Wiki User
∙ 11y ago
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How much interest will you pay if you borrow 2000 and you have to pay it back in two and a half years at 10 percent?
If the rate is simply 10 percent, then you will have to pay 10% of 2000, which is 200. If the rate is 10% per year and you have to pay that interest at the end of each year, you will pay 200 at the end of the first year, another 200 at the end of the second year, and 100 when you repay the loan six months later. A total of 500. But if the interest at the end of each year is not paid at that time it gets added to the loan and you now have to pay interest on the interest as well as on the original loan. So at the end of the first year you will owe 2200, at the end of the second year you will owe 2420, and six months later you will owe 2541, of which 541 would be interest. Calculations: End of first year = 2000 + 10% (200) = 2200 End of second year = 2200 + 10% (220) = 2420 The interest for the third year would be 2420 x 10% = 242 but as it is only for half a year it will be half of 242 = 121. Summary of interest calculations: 200 + 220 + 121= 541
How much interest will Linda pay per year if her credit card has a 24.9 percent interest rate and she maintains an average balance of 1800.00?
Interest due = 24.9% of 1800 = 1800*24.9/100 = 448.20
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
How much is 10 percent interest?
10% interest means that for every dollar, you pay back $1.10. Interest is usually given as an annual rate, so you would owe that much at the end of one year. So if you borrow $100, at the end of a year you will owe $110.
How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?
She will pay $1,924.02 in interest.
How much interest would you pay on a loan of 600 at 5 percent annal rate for two years?
5% interest rate has the multiplier of 1.05 per year. 600 x 1.05^2 = 661.50 interest paid =661.50 - 600 = 61.50
If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years?
She will pay $1,924.02 in interest.
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 72 percent for three years?
842.40
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
Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?
She could have to pay $1924.02 in interest.
How often do Treasury bonds pay interest?
Treasury bonds are sold at thirty-year maturities and pay interest every six months.
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+)
