15100
Simple interest: 144Compound interest: 152.64
$494.34 Interest= principal amount * time* simple interest %
Simple interest = 1000 * 5/100 * 3 = 150
Simple Interest
150,000 per year (simple interest, no compounding)
if its simple interest: I = prt = 240 the total money to be returned is 2240
125 x 5.2 x 4 = 2600 + 12500 ie 15100 in total
For simple interest, just multiply the capital times the interest (converted to a decimal, that is, percentage / 100) times the number of years.
Simple interest would be 360
Simple interest would be 1040
Simple interest: 144Compound interest: 152.64
$494.34 Interest= principal amount * time* simple interest %
Simple interest = 1000 * 5/100 * 3 = 150
Simple Interest
You already gave the simple interest - 9 percent. Rethink and ask your question again.
Total simple interest = 2500*11/100*3 = 825
150,000 per year (simple interest, no compounding)