Total interest paid in 5 years = 5*16000*0.09 = 7200
95
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
The interest is 5 X 0.09 X 14500 = 6525.
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.
Total interest paid in 5 years = 5*16000*0.09 = 7200
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
$60 of your loan
$367.20
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
"4045.50"
$48
usually its 15-19%
2,500.58 (A+)
The monthly interest is 100.