The interest is 5 X 0.09 X 14500 = 6525.
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.
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
Simple interest: 144Compound interest: 152.64
19035 by simple interest
$48
Simple interest = 1000 * 5/100 * 3 = 150
$494.34 Interest= principal amount * time* simple interest %
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
331/3 percent simple interest will double any amount in 3 years.
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
$2400
1359.45