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What is the amount of simple interest on 290000.00 at 5 over 10 years?
Wiki User
∙ 9y ago
The simple interest in this case is $145,000. It is calculated by multiplying the amount by the interest rate and the length of time.
Wiki User
∙ 9y ago
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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 simple interest on a loan of 5700 at 5.3 percent for 4.5 years?
1359.45
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?
1,773.60
How do you find simple intrest?
You take interest and simplify it by moving the decimal point. For example: What is the "simple interest" on a $200,000 loan at 8% over 20 years? Easy.... 200,000 * .008 (interest) *.20 (years)= $320 Therefore, you would pay $320 over the life of the loan.
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 72 percent for three years?
842.40
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
What rate of simple interest is needed for 1000 to double in 3 years?
331/3 percent simple interest will double any amount in 3 years.
What is the amount of the simple interest on a 2000 loan at 6 percent interest for 2 years?
It is 240 currency units.
If you borrow rs 1200 on simple interest of 15 percent then the amount after 10 years will be?
For simple interest, just multiply the capital times the interest (converted to a decimal, that is, percentage / 100) times the number of years.
Calculate the simple interest on the amount of 567.23 at 5 percent for two years?
56.72
How do banks calculate simple interest?
The simple interest, on an amount Y, at rate r% per year, for t years is I = Y*(r/100)*t But bank interest is always compounded, never simple.
How do solve simple interest rate math problems?
If an amount C is invested for n years with an interest rate of r%, then the amount of interest earned is C*n*r/100
What is simple interest?
Simple interest does not compound. In other words, If you start off with $500 and get $5 in interest, the $5 you got in interest will not be included when calculating the amount of interest you will get next year. Simple interest can be calculated by the formula i = prt, where i is the amount of money earned from the interest, p is the principle (starting money), r is the rate (as a decimal,) and t is the time in years. Another formula is used to calculated the accumulated amount: A = p(rt + 1), where A is the accumulated amount.
How is simple interest calculated in banks?
They use the below formula: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest If you substitute the numbers corresponding to the amount that you deposit, the number of years and rate of interest, you can get the actual interest amount
What is the principal amount which earns Rs24 as simple interest for 3 years at 10 percent interest per annum?
Rs 80.
If the principal on a loan is 2455 and the interest rate is 3 percent and the simple interest amount is 441.90 how long will it take?
6 years
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
