0
The total value of a loan of 10500 at 3 per cent, which is paid back at the end of 5 years is
10500*(1.03)5 = 12172.38
So the interest on the loan is 12172.38 - 10500 = 1672.38
The interest will be lower if the loan is paid back, bit by bit, over the 5-year period. The interest on the loan will then depend on
- how often repayments are made
- whether in constant amounts or not
- how often the lender calculates the interest.
The total value of a loan of 10500 at 3 per cent, which is paid back at the end of 5 years is
10500*(1.03)5 = 12172.38
So the interest on the loan is 12172.38 - 10500 = 1672.38
The interest will be lower if the loan is paid back, bit by bit, over the 5-year period. The interest on the loan will then depend on
- how often repayments are made
- whether in constant amounts or not
- how often the lender calculates the interest.
The total value of a loan of 10500 at 3 per cent, which is paid back at the end of 5 years is
10500*(1.03)5 = 12172.38
So the interest on the loan is 12172.38 - 10500 = 1672.38
The interest will be lower if the loan is paid back, bit by bit, over the 5-year period. The interest on the loan will then depend on
- how often repayments are made
- whether in constant amounts or not
- how often the lender calculates the interest.
The total value of a loan of 10500 at 3 per cent, which is paid back at the end of 5 years is
10500*(1.03)5 = 12172.38
So the interest on the loan is 12172.38 - 10500 = 1672.38
The interest will be lower if the loan is paid back, bit by bit, over the 5-year period. The interest on the loan will then depend on
- how often repayments are made
- whether in constant amounts or not
- how often the lender calculates the interest.
Still curious? Ask our experts.
Chat with our AI personalities
Rafa
Lao
DevinThe total value of a loan of 10500 at 3 per cent, which is paid back at the end of 5 years is
10500*(1.03)5 = 12172.38
So the interest on the loan is 12172.38 - 10500 = 1672.38
The interest will be lower if the loan is paid back, bit by bit, over the 5-year period. The interest on the loan will then depend on
- how often repayments are made
- whether in constant amounts or not
- how often the lender calculates the interest.
Add your answer:
Earn +20 pts
What is the simple interest on a loan of 5 700 at at 5.3 for 4.5 years?
The simple interest on a loan of 5 700 at 5.3 percent for 4.5 years is 1359.45.
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What is the simple interest on a 14500 loan at 9 percent interest for 5 years?
The interest is 5 X 0.09 X 14500 = 6525.
How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?
365$ give or take :)
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
