5% interest rate has the multiplier of 1.05 per year.
600 x 1.05^2 = 661.50
interest paid =661.50 - 600 = 61.50
177.50
10 years
That would depend on the original principal (the amount you borrowed) and how they compute interest.
If the interest rate was eight percent, it would take about 9 years to double your principle.
The total interest would be 73606.07 dollars, approx.
10 years. Compound interest would take 7 years.
annal
If it is not compounded the interest would be 2000x10x.05=1000 If it is compounded then it is different.
You will have $11576.25
177.50
10 years
67.57
That would depend on the original principal (the amount you borrowed) and how they compute interest.
If the interest rate was eight percent, it would take about 9 years to double your principle.
The total interest would be 73606.07 dollars, approx.
He would make 250*(5.4/100)*5 = 67.57
677.00