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How much interest will be paid in 1 year for a loan of 2500 at 9 1-2 percent simple interest?
237.5
How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?
365$ give or take :)
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
How much interest will be paid in 1 year for a loan of 2500 at 9 12 simple interest?
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
How much interest will be paid in 1 year for a loan of 2500 at 9 1 2 percent simple interest?
558,92
How much interest will be paid in 1 year for a loan of 2500 at 9 1-2 percent simple interest?
237.5
How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?
365$ give or take :)
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
How much interest will you have paid on a loan of 50967 for w months at a simple interest rate of 10.6 per year?
To calculate the interest paid on a loan using simple interest, you can use the formula: Interest = Principal × Rate × Time. Here, the principal is $50,967, the annual interest rate is 10.6% (or 0.106), and the time is in years, which is ( w/12 ) for months. Therefore, the interest paid would be ( 50,967 \times 0.106 \times (w/12) ).
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
How much interest will be paid in 1 year for a loan of 2500 at 9 12 simple interest?
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
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
How much interest would you pay on a 30000 loan at 5 percent interst?
The interest paid on a $30,000 loan at a 5% annual interest rate depends on the loan term. For example, if the loan is for one year, the interest would be $1,500 ($30,000 x 0.05). For a 5-year term with simple interest, the total interest would be $7,500 ($1,500 per year). If compounded, the total interest would vary based on the compounding frequency.
How much interest is paid on a 20k loan after one year at 8 percent?
1600
How much interest is paid on a 52000 loan if the monthly payments are 450.23 for years?
110,082.80
What is the sum of money set aside on which interest is paid?
The sum of money set aside on which interest is paid is known as the principal. This amount serves as the initial investment or loan amount that earns interest over time. Interest can be calculated as a percentage of the principal, either as simple interest or compound interest, depending on the terms of the investment or loan agreement.
