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Marl borrowed 200 at 12 percent simple interest for on year If he makes no payments that year. How much interest will he own at the end of the year?
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∙ 13y ago
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Wiki User
∙ 13y ago
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How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
What is the interest on 600 at 12 percent for 2 years?
Simple interest: 144Compound interest: 152.64
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
What is the simple interest of a loan for 1ooo with 5 percent interest after 3 years?
Simple interest = 1000 * 5/100 * 3 = 150
What is a fixed percent of the principal in math?
Simple Interest
If 1100 is borrowed for 2 years at 9 percent simple interest how much interest is paid?
It is 1100*(2/100)*9 = 198
Rolex borrowed 3200 from his credit union for 4 years he was charged 9.8 percent simple interest what was his total amount he owed the credit union?
34
What are the advantages of using simple interest?
Using simple interest is easier for people to understand. Customers will be able to manage their payments if a business uses simple interest.
What calculates the payments for loan based on constant payment at a constant interest rate?
Simple interest.
What is the simple interest if a principal over 20 years equals the borrowed principal?
It is 5%.
Dr Sand borrowed some money to buy new furniture for her office She paid 245.00 simple interest on a 3.5-year loan at 3.5 percent Find the principal?
2000
How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
What is the interest on 3000 at 12 percent?
Simple interest would be 360
What is 13 percent interest on 8000?
Simple interest would be 1040
How does compound interest differ from simple interest?
With compound interest, you earn interest on the interest. Basically the interest payments are reinvested into the account whereas with simple interest, you only earn interest on the original balance. The interest payments are kept separate of the balance that you invested i.e.: with a bond, the interest payments don't go into a balance, you just get a check for them or rather your broker receives the check on your behalf and deposits it into your money market account which is separate from the bond that you purchased.
What is the interest on 600 at 12 percent for 2 years?
Simple interest: 144Compound interest: 152.64
How do you find simple interest for 6 months?
Take the annual interest rate, divide it by 2 and multiply it by the amount you invested or borrowed.
