The interest is 5 X 0.09 X 14500 = 6525.
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7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
You already gave the simple interest - 9 percent. Rethink and ask your question again.
Total simple interest = 2500*11/100*3 = 825
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
9999.00