Converting
12 Months into years
1 year
Find the simple interest charged on a loan of $940 at 8.5% per annum for 5 years
$399.50
Find the simple interest calculated on a principal of $6600 at 5% for 5 years
$1650
If the amount borrowed is 1,500 and the cash price is 2,000. How much is the deposit?
$500
12,000 per year into equal monthly payments
$1,000 per month
24 months into years
2 years
5,000 is borrowed at 11% p.a simple interest for 3 years
$1,650
Find the simple interest from an investment of $13 700 at 4.4% per annum for 3 years
$1,808.4
If the amount borrowed is 32,000 and the cash price is 32,000. How much is the deposit?
0
24,000 per year into equal monthly payments
2,000 per month
365 days into months
12 months
5,000 is borrowed at 1% p.a simple interest for 3 years
$150
A company deposits $10,000 in a fixed deposit at 9% per annum. How much interest will be earned after 2 years?
$1,800
If the cash price is 1,500 and they are charged a hire charge of 250 dollars. How much is the total cost?
$1750
1,000 per year into equal monthly payments
$83.34
52 weeks into years
1 year
$4,500 x 0.12 x 5
$2,700
Find the simple interest calculated on a principal of $5000 at 5% for 5 years
$1,250
Calculate the hire charge:
Cash price = 50,000
Deposit= 10,000
Amount Borrowed= ?
Interest rate=10%
Time = 30 Months
$10,000
5,000 per year into equal monthly payments
20 Quarters into months
80 Months
Emily takes out a loan of $2,400 for 4.5% simple interest per year. How much is the total of amount paid if she puts in a $400 dollar deposit.
$2,490
Find the total cost if a good is sold at $1,000 with a deposit of 200 dollars with a 5% interest over 2 years.
$1,080
Calculate the total cost
Cash price = 32,000
Deposit = 0
Amount borrowed = ?
Interest rate = 12%
Time = 6 months
1,920 + 32,000 = 33,920
50,000 per year into equal monthly payments
Per month repayments of $4166.67