Sunday

September 21, 2014

September 21, 2014

Posted by **Gary** on Wednesday, February 10, 2010 at 4:44pm.

- Finance -
**Ms. Sue**, Wednesday, February 10, 2010 at 4:53pmIf it's simple interest and the rate is 5% yearly, then --

5,000 * 0.05 = 250

250 * 5 = 1,250

5,000 + 1,250 = 6,250

The answer would be different if you charged compound interest.

**Answer this Question**

**Related Questions**

math % - I loaned Johnnie $5000.00 to be repaid $250.00 monthly loan past due ...

Math - Someone loaned me $20.00 in 1962 without quoting an interest rate. Using ...

Math - Montel loaned $6800 to a friend for 13 months at an annual rate of 7.7% ...

Finance - Seven years ago a semi-annual coupon bond with a 10% coupon rate, $1,...

FINANCE 200 - You receive $5000 three years from now. The discount rate is 8 ...

Math - In 2010 I loaned Johnnie $5000.00 @ the interest rate of 10%, he only ...

math-finance - Colin borrowed some money at 7.16%?a compounded quarterly. three ...

Math! - Rebecka borrowed $3500, 5000, 3500,& 4500 from her dad on September 1 of...

algebra 2 - Your uncle loaned you some money and did not charge interest. The ...

Finance Management - How do I solve this problem using net present value and ...