Posted by **Anonymous** on Monday, November 12, 2007 at 5:55pm.

please help how do you figure out the simple interest on a $14,500 loan at 9% interest for 5 years ?

- math -
**drwls**, Monday, November 12, 2007 at 6:21pm
1.45 x 14,500 = ?

Thie assumes no payment and no compounding of interest until the end of the 5 year period.

- math -
**Anonymous**, Friday, September 14, 2012 at 4:51pm
the simple interest on a $14,500 loan at 9% interest for 5 years will be:

$14,500*(9/100)*5=$14,500*(0.09)*5=1305*5=6525...interest only..:-)

## Answer This Question

## Related Questions

- math - Ted takes out a student loan to pay for his college tuition this year. ...
- Math - Choose the one alternative that best completes the statement or answers ...
- Algebra - Maybe that was to confusing...we have a data sheet to fill out - 2 ...
- Math Question - Tom Newman took out a simple interest loan of $1,500.00 at 10 ...
- math - Belle had the choice of taking out a four year car loan at 8.5% simple ...
- Math - Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a...
- Math Check My Work Please 2 - 15. Lisa takes a loan of $10,500 at a 9% simple ...
- Algebra - Wanda took out a personal loan for $16,000 at 9% simple interest. How ...
- Plz Hellp - Wanda took out a personal loan for $16,000 at 9% simple interest. ...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....

More Related Questions