Question

find the simple interest and total amounts paid on the loan
principal$450.0
Rate 5%
Time 3yrs
what is the interest and amount
please explain in simplest terms

Answer 1

Interest of the loan = 450 (5%) x3 = 22.5 x3 = 67.5
Total amount paid = interest + principle = 67.5 + 450 = work it out yourself :)

Answer 2

find the annual rate of interest from
principal $1500.0
interest $210.0
1 yr
what is the rate

Answer 3

let r be the interest rate
1500 (r) = 210
solve it and convert r into percentage

Answer 4

actually, you should know what
principle * interest rate = interest

Answer 5

is it 31.50

Answer 6

dont get it?

Answer 7

$1,500(r)=$210

Divide by sides by $1,500

So you have

$1,500/$1,500 (r)=$210/$1,500 which becomes

1(r)=.14 so the rate is

r=.14 To convert a decimal to a percent, move the decimal place to the right two places and attach a percent sign.

So .14 becomes 14. Now attach the percent sign. So 14. becomes 14.% or 14%

Answer 8

r = 210/1500 *100% = 0.14 *100% = 14%