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When Jackson borrowed 3900 at a 5.5 simple interest rate for 6 years to buy a car. How much will he pay in all for the car.?
Wiki User
∙ 6y ago
He will pay 5187.
Wiki User
∙ 6y ago
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At what rate of simple interest will the interest on Rs 925 be two-fifth of it in 8 years?
At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?
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 the interest on 600 at 12 percent for 2 years?
Simple interest: 144Compound interest: 152.64
Is the simple interest on 2000 for 2 years is 320 then what is the interest rate?
It is 8%
What is the simple interest if a principal over 20 years equals the borrowed principal?
It is 5%.
If 1100 is borrowed for 2 years at 9 percent simple interest how much interest is paid?
It is 1100*(2/100)*9 = 198
Douglas borrowed 1000 from Patricia He agreed to repay her 1150 after 3 years What was the interest rate of the loan?
5% per year, simple interest.
What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?
What is the total amount of money owed if $1,250 was borrowed for four years at 3.5% interest?
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 is the interest on principal of 2.000 borrowed at 17.5 rate for 6 months?
At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.
How do you do interest rate problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
How do you solve interest rate math problems?
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
What is difference between simple interest and compound interest with example?
For a single period there is no difference between the two. However, in the case of longer periods, simple interest is calculated on the capital borrowed (or lent). For periods after the first, compound interest is calculated not only on the capital but also on the interest accrued during previous years.For example, if 200 is borrowed at 5% for 3 years, then with simple interest, it will be200*(1+0.05*3) = 230. The compounded value is 200*(1.05)^3 = 231.53[Note 0.05 and 1.05 are used because 5% = 0.05 and a number increased by 5% is equivalent to multiplying it by 1.05.]
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
At what rate of simple interest will the interest on Rs 925 be two-fifth of it in 8 years?
At what rate of simple interest will the interest on Rs.925 be two-fifth of it in 8 years?
The clalisles borrowed 94000 to buy their first home the interest rate on their loan was 7.5 percent for 20 years how much interest will they have to paid after 20 years?
141,000
