en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Determine the simple interest for this loan-round your answer to the nearest cent:9,698.17 at 4.51% for 63 years.

Solution

De t er min e t h e s im pl e in t eres t f or t hi s l o an - ro u n d yo u r an s w er t o t h e n e a res t ce n t : 9, 698.17 a t 4.51% f or 63 ye a rs .

Solution

Interest : 27555.41

Solution steps

Translate the problem into an equation:

I = 9698.17 \cdot 0.0451 \cdot 63

Simplify

I = 9698.17 \cdot 0.0451 \cdot 63

Round to the nearest hundredth:

27555.41

Interest : 27555.41

Popular Examples

A rectangular living room is 10 meters long and 4 meters wide. What is its area?The circumference of a circle is 14pipi cm. Find its diameter 3 increased by a number x is 9 Dillon puts 200.00 into an account to use for school expenses. The account earns 6% interest, compounded annually. How much will be in the account after 9 years?You deposit 150 in an investment account that earns 4.8% annual interest compounded monthly.What is the balance of the account after 8 years?