Q: WHAT IS THE entire balanced owed for a loan of 750 at a simple interest rate of 4 percent per year for 1.5 years?

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Simple interest would be 1040

Simple interest would be 360

You already gave the simple interest - 9 percent. Rethink and ask your question again.

Total simple interest = 2500*11/100*3 = 825

Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.

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Simple interest would be 1040

Simple interest would be 360

Simple interest: 144Compound interest: 152.64

$494.34 Interest= principal amount * time* simple interest %

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

Simple Interest

You already gave the simple interest - 9 percent. Rethink and ask your question again.

Total simple interest = 2500*11/100*3 = 825

150,000 per year (simple interest, no compounding)

$48

19035 by simple interest

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