5.5% of 1200 is 66
2 x 66 = 132
Simple interest: 144Compound interest: 152.64
19035 by simple interest
$48
Simple interest = 1000 * 5/100 * 3 = 150
$494.34 Interest= principal amount * time* simple interest %
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
You already gave the simple interest - 9 percent. Rethink and ask your question again.
Total simple interest = 2500*11/100*3 = 825
331/3 percent simple interest will double any amount in 3 years.
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
$2400
1359.45