math

posted by .

If you borrow \$1000.00 at 6% for one year, how much interest will you owe. how much will you have to pay back

• math -

1,000 * 0.06 = 60

1,000 + 60 = ?

Similar Questions

1. math

Suppose you borrow \$12,000, which you must pay back in 30 equal monthly payments, each of which includes a .8% interest charge on the unpaid balance. a) How much will you need to pay each month?
2. math

If I borrow \$60,000 at 5.5% interest for a year, how much interest will I pay?
3. math

Suppose you borrow \$4200 at an annual simple interest rate of 10.5% for a term of 18 months. How much simple interest will you owe?
4. math

you borrow \$1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay back the loan. how much interest do you pay on the loan?

if you borrow \$1000 at 9% interest and pay it back over 1 1/2 years, how much do you pay back including interest?
6. Finance

You borrow \$150,000 to purchase a new house. The bank offers you a special 20 year loan with a 7% interest rate and you will make annual payments. How large will each payment be?
7. 5

5. Assume you borrow \$5,000 today and pay back the loan in one lump sum four years from today. You are charged 8 percent interest per year. What amount will you pay back and how much interest will you pay?
8. Math

Sue can either borrow 10,000 dollars for 5 years with a simple interest of 7% annually or an interest which compounds annually for 6%. How much more money, rounded to the nearest dollar, would she have to pay back for the more expensive …