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Q: What is the simple interest on a loan of 8000 pounds over 7 years at 11 percent p.a?
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How many years would it take for 55000 pounds to receive 39600 pounds simple interest at a rate of twelve percent pa?

Each year you would receive 0.12 x 55,000 = 6,600 pounds simple interest. With no compounding 39,600 / 6,600 = 6 years


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Simple interest: 144Compound interest: 152.64


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What is the simple interest on a 2500.00 loan at 11 percent interest for 3 years?

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What is the simple interest paid on 3000 pounds at 3.5 percent yearly after 5 years and how much if the interest was compounded showing work for both answers?

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