Maths

Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.

(A) the sum of money paid in interest to the bank.

(B) the total amount of money repaid to the bank.

(C) the value of each monthly installment.

  1. 0
  2. 0
  3. 4
asked by Andre
  1. Start with this formula:

    Interest = Principle * Rate * Time

    1. 0
    2. 0
    posted by Ms. Sue
  2. 23000

    1. 0
    2. 0
    posted by Angel

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of Rs.3,600?
  2. Alpha

    mr brown borrowed $5,340 from a bank at 10% aunnum simplr interest for 9 years. the sum of the money paid in interest to the bank and the total amount of money repaid to the bank
  3. math

    1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period. 2. Find the simple interest on $15,000.00 invested for 4 years
  4. math

    Steven borrowed $5000.00 from bank a for a 3% per annum for 3 years Fred borrowed $5000.00 from bank b for a 4% for 2 years who pays more interest on his loan
  5. maths

    choco borrowed $10 000.00 from a bank for 4 years at 8 per cent per annum. calculate simple interest that choco should pay and find how much she had to repay for the four years altogether
  6. Maths

    Hamish borrowed $5000 for 3 years. He paid $1650 simple interest. What was the rate of interest per annum?
  7. math

    Guys please i need your help i am not getting the answer over the following questions. 1) Maria banked sh. 95,000 in her bank account. If the bank gives a simple interest of 17% per year, how much will she get after 3 years? 2) If
  8. maths lit

    Calculate the simple interest and the sum accumulated for R5000 borrowed for 90 days at 15% per annum
  9. math

    $75000is to be diposited in Banks A and B.The simple interest rate per annum for bank A is 8% while that for bank B is 8.5%.After two years their interests are equal.How much money diposited in each bank.
  10. math

    A bank charge 7.5% simple interest per year.Susie takes out a loan from this bank for 3 years.she pays a total of 1867.50 interest per year,how much she borrowed?

More Similar Questions