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Earn +20 ptsQ: What is the simple interest on a loan of 200 at 8 percent interest for 3 years?
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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 the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
What is the simple interest on a loan of 5000 over 6 years at 10 percent?
6 yrs @ 10% = 60% = 3000
What is the simple interest on a loan of 5700 dollars at 5.3 percent for 4.5 years?
The number of years does not matter in this question. At exactly $5700 at 5.3% interest, you would pay $302.10 for the month.
How much will you repay on a simple interest loan of 2500 at 6.7 percent for 3.5 years?
Interest = 2500*0.067*3.5 = 586.25 So total repayment = 2500 + 586.25 = 3086.25
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