It will take 10 years.
Interest = 2500*0.067*3.5 = 586.25 So total repayment = 2500 + 586.25 = 3086.25
Calculation: 2500/0.10 = 25000 Therefore, the total amount would be 25000.
since its not compounded this is a very simple problem. r= interest rate x= principle y=years Interest Accumulated = x*y*r so, in your case: 2500 = 10000 * 5 * r 2500 = 50000r divide both sides by 2500 and you get: r=.05 (or 5%)
2500
2 percent means 2 divided by 100 = .02 2 percent of 2500 is .02 x 2500 = 50
Total simple interest = 2500*11/100*3 = 825
Interest = 2500*0.067*3.5 = 586.25 So total repayment = 2500 + 586.25 = 3086.25
558,92
237.5
For simple interest, just multiply the capital (in this case 2500) times the interest rate (divided by 100) times the number of years.
586.25
about 9.7 years
She will have to wait 4 years.
p=2500r=6%SI=600t=SI*100/pr=60000/(2500*6)=4 years
Calculation: 2500/0.10 = 25000 Therefore, the total amount would be 25000.
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
2500