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Q: If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?

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1000*(1.08)6 = 1586.87.

Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".

75

It depends on how often the interest is calculated but if the AER (Annual Equivalent Rate) is 7.5%, you will pay 1000*(1.075)3 - 1000 = 1242.30 - 1000 = 242.30 in interest. This assumes that none of the capital is paid back.

Total after 2 years = 1000*(1.08)2 = 1000*1.1664 =1166.40 So interest = Total - Inirial capital = 1166.40 -1000 = 166.40

Related questions

1000*(1.08)6 = 1586.87.

1000+2.50 percent

Among other things, it refers to a payment you make to borrow money. For example, you borrow 1000 dollars, and after a while, you pay back the 1000 dollars, plus an additional amount. This additional amount is called the "interest".

60,000

62

The annual interest is 150 Add this to your originial investment and you have 1,150

75

Simple interest = 1000 * 5/100 * 3 = 150

$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.

$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.

200 intrest

The interest that Cash Net charges depends on the amount of the loan (how much you borrow, i.e., $100 vs $1000) and the duration of the loan (for how long you borrow, i.e., 1 week vs 1 month).

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