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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 amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
What is the total compound interest of a loan for 5000 with an annual rate of 8 percent at the end of a two-year period?
It is 5000*[(1+8/100)2 - 1] = 5000*[1.1664 - 1] = 5000*0.1664 = 832
A loan of 5000 is made for 83 days at 6 percent what is the exact interest?
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
Calculate the amount of interest that is paid on a loan when the principal is 5.000 the interest rate is 7 percent and the time is 2 years?
50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07)2 - 5000 ie 724.50 Compound Interest
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 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
Suppose Betty takes out a loan for 300 at an annually compounded interest rate of 6 percent to be repaid after 5 years How much will be required to pay off the loan?
390.45
Wallace took out a 5000 loan for six years. He is being charged 4 percent interest compounded annually. Calculate the total amount he will pay.?
To calculate the total amount Wallace will pay on a $5,000 loan with a 4% annual interest rate compounded annually over six years, we use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the total amount, ( P ) is the principal amount ($5,000), ( r ) is the annual interest rate (0.04), and ( n ) is the number of years (6). Plugging in the values: [ A = 5000(1 + 0.04)^6 = 5000(1.265319) \approx 6326.59 ] Therefore, Wallace will pay approximately $6,326.59 in total.
A fixed percent of the principal of a loan or investment?
A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.
What is the monthly payment for a seven year loan of 25 thousand dollars at 4 percent annually?
$465.97
How much would you pay back on a 5000 dollar loan at 116 percent?
most of these scams are 84 months (seven years) so about 40,000 bucks, is it worth it? Probably not.
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
What is the total compound interest of a loan for 5000 with an annual rate of 8 percent at the end of a two-year period?
It is 5000*[(1+8/100)2 - 1] = 5000*[1.1664 - 1] = 5000*0.1664 = 832
A loan of 5000 is made for 83 days at 6 percent what is the exact interest?
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two year period?
$432
