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How do you calculate the percent in a loan?
% over 100 = is over of. the % divided by 100 is the same as loan over the total. do cross multiplication...% x total = 100 x loan. divide both sides by the coeficient (which is the number you're multiplying with the percent you don't know) and then you have the percent.
What is one percent of the amount of the loan?
1% equates to 1/100 of a number . So 1% of the loan can be found by multiplying the amount of loan by 1/100. And this is equivalent to dividing the loan amount by 100. EXAMPLE : Say loan = $15,000, then 1% = 15000/100 = $150.
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.
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
Shawn bought a home for 100000 he put 20 percent down and obtained a mortgage fo 30 years at 5 5 percent what is the total interest cost of the loan?
Since Shawn bought the house for 100,000 and paid 20,000 (he put 20% down), the loan amount would be 80,000 (100,000 - 20,000). In order to find the total interest cost of the loan, first we need to find the balance that would be after 30 years with a 5.5% interest, and subtract from that balance the loan amount of 80,000: A = Pert A = 80,000e(0.055)(30) A = 416,558.39 I = A - 80,000 = 416,558.39 - 80,000 = 336,558.39 Thus, the house would cost 336,558.39 more than the price of the house, if Shawn would buy it in cash.
What is payment on 75000 loan at6.25percent for 30 loan?
$453.42 over 30 years.
What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five years?
13,807.50
How can I calculate the total interest paid on my mortgage?
To calculate the total interest paid on your mortgage, you can use the formula: Total Interest Total Payments - Loan Amount. This means you subtract the initial loan amount from the total amount you will pay over the life of the loan. This will give you the total interest paid.
When a borrower pays back a loan both the principal and the interest must be repaid What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for?
13,807.50
What is the proportion of my current loan balance to the original loan amount?
The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.
what would the payment be on a fixed home loan at 5 percent?
please specify or tell me your loan amount
What does 10 percent mean in money?
Ten percent in money means ten percent of the total amount. For example, if you borrow $5,000 at ten percent interest, $500 will be added to the total you owe because $500 is ten percent of $5,000. You would, therefore, have to pay $5,500 to pay the loan back in full.
How do you calculate the percent in a loan?
% over 100 = is over of. the % divided by 100 is the same as loan over the total. do cross multiplication...% x total = 100 x loan. divide both sides by the coeficient (which is the number you're multiplying with the percent you don't know) and then you have the percent.
What is one percent of the amount of the loan?
1% equates to 1/100 of a number . So 1% of the loan can be found by multiplying the amount of loan by 1/100. And this is equivalent to dividing the loan amount by 100. EXAMPLE : Say loan = $15,000, then 1% = 15000/100 = $150.
How does a bank set a home equity loan rate?
A home equity loan rate is determined by the total loan amount and the individual's FICO credit score. The total loan amount is based on the net value of the house and the remaining mortgage.
What is the total amount of loan on Pakistan 2011?
The total loan stands at over $64 Billion on Pakistan in the year of 2012.
How do you know how to calculate car loan after you have made the first down payment?
It will depend on the terms you have with the dealer. If all of the down payment is going to principal on your car then you would subtract that amount and that would be the amount left on your loan. If only a percent is applied to the amount then subtract that percent from the amount.
