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What is the simple interest for 1 year on a loan of 2000 at 9 percent interest?
9% means 9/100 = 0.09 0.09 * $2000.00 = $180.00 in simple interest for one year =============================
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?
Simple interest = 1000 * 5/100 * 3 = 150
How much money would you have if you put 100 in the bank for a year at 2 percent?
That depends whether the bank is giving you simple interest or compound interset and if it is compound interest is it compounded daily, monthly, quarterly, halfyearly and so on. Assuming it is simple interest, at the end of the year will have 100 + 2 = 102 dollars.
What is the simple interest on a 2500.00 loan at 11 percent interest for 3 years?
Total simple interest = 2500*11/100*3 = 825
What is the simple interest paid annually for 5 years on a 700 loan at 11 percent per year?
The interest paid annually is 700*5/100 = 35
What is the simple interest on a loan of 600 for 3 years at 6 percent interest?
6% is 600x6/100 =36 per year. 3 years is 3x36 =108
What is the simple interest earned on 700 invested at 5 percent annual interest for 2 years?
Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70Simple interest = 700*5/100*2 = 70
How many years will it take 100 to double check if you are simple interest rate is 4?
It will take 25 years for a 100 to double check if you have a simple interest of 4 percent.
What is interest of 285.76 if the interest rate is 1.5 percent?
1.5% means 1.5/100 = 0.015 0.015 * $285.76 = $4.29 in simple interest ==================
1000 is invested at 9 percent simple interest for 3 years. how much is the earnings?
9% of 1000 is 9*1000/100 = 90. Since it is simple interest, it generates earnings of 90 each year, or 270 in 3 years.
