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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.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoThe 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.
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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.
What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five years?
13,807.50
When a borrower pays back a loan both the principal and the interest must be repaid What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for?
13,807.50
What is the simple interest on a loan of 200 at 8 percent interest for 3 years?
$48
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.
When a borrrower pays back a loan both the principal and the interest must be repaid what is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for?
Simple interest means the interest is calculated one time on the total principal of the loan. Therefore, you would pay back $11,161.50 on this loan. However, simple interest loans are very uncommon; most loans in life have compound interest.
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What is the simple interest on a loan of 5700 at 5.3 percent for 4.5 years?
1359.45
How do you take out a simple interest loan on a car at 14289 The interest rate is 3.5 percent for 5 years How many will you pay in interest during the term of the loan?
2,500.58 (A+)
What is the simple interest of a loan for 1000 with 5 percent interest after 5 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
