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Calculate the simple interest on the amount of 550.00 at 7 percent for 1 year?
The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
Simple interest on the amount of 550.00 at 7 percent for 1 year?
It is 38.5 units.
How is simple interest calculated?
divide the amount u have by 100 thenties by the percent nterest u want then ad on/take away from amount
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
Calculate the simple interest on the amount of 550.00 at 7 percent for 1 year?
The simple interest on the amount of $550.00 at 7 percent for one year would be $38.50. To reach the answer, multiply 550 by .07 which equals 38.50.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
Simple interest on the amount of 550.00 at 7 percent for 1 year?
It is 38.5 units.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
How is simple interest calculated?
divide the amount u have by 100 thenties by the percent nterest u want then ad on/take away from amount
What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
How do you find the percent paid on interest?
You would first find the percent (if it was 5% interest (for example) on a calculator you would do the amount then multiply by 5, then click the percent, by hand: you would multiply the amount you paid for then multiply by 0.05 then you would get the interest; simple math :D
How is simple interest simalar to percent?
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five years?
13,807.50
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
A principal of 950 is invested in an account at 7 percent per year simple interest What is the amount of the principal after 5 years?
1282.5
