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Earn +20 ptsQ: What is 5 percent interest on 16000 pound loan?
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Wanda took out a personal loan for 16 000 at 9 percent simple interestHow much interest will she pay after 5 years?
Total interest paid in 5 years = 5*16000*0.09 = 7200
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What is the simple interest on a loan of 5 700 at at 5.3 for 4.5 years?
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
What is the simple interest on a 14500 loan at 9 percent interest for 5 years?
The interest is 5 X 0.09 X 14500 = 6525.
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
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.
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