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Q: How much interest would you pay on a loan of 600 at 5 percent annal rate for two years?

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177.50

10 years

That would depend on the original principal (the amount you borrowed) and how they compute interest.

The total interest would be 73606.07 dollars, approx.

556.34

Related questions

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

Simple interest: 144Compound interest: 152.64

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