en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

What is the total interest to be paid on a 5 year 6000 loan at 12% p.a. flat interest?

Solution

Wha t i s t h e t o t a l in t eres t t o b e p ai d o n a 5 ye a r 6000 l o an a t 12% p . a . f l a t in t eres t ?

Solution

Interest : 3600

Solution steps

Translate the problem into an equation:

I = 6000 \cdot 0.12 \cdot 5

Simplify

I = 6000 \cdot 0.12 \cdot 5

Interest : 3600

Popular Examples

Find the present value of 2000 payable at the end of 3 years, if money may be invested at 6% with interest compounded continuously.the sum of twice a number and 5 The diameter of a circle is 21 cm. Find its area to the nearest whole number.The diameter of a circle is 4 millimeters. What is the circle's circumference?the sum of three consecutive numbers is 39. First write an equation and then find the value of the smallest number