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Popular Word Problems >

mr johnson borrowed 750 for 1 year he hs to pay s6 percent simpe interest how much interest will he pay

Solution

m r j o hn so n b orro w e d 750 f or 1 ye a r h e h s t o p a y s 6 p erce n t s im p e in t eres t h o w m u c h in t eres t w i ll h e p a y

Solution

Interest : 45

Solution steps

Translate the problem into an equation:

I = 750 \cdot 0.06 \cdot 1

Simplify

I = 750 \cdot 0.06 \cdot 1

Interest : 45

Popular Examples

A man borrows PhP 5 500 for 3 years at a rate of 8% per annum. How much simple interest does he need to pay at the end of 3 years James invests 15,000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?what sum would accumulate to \5,250 in 8 years at 9% simple interest how long will an amount of Php 20000 earn a simple interest of Php 3000 if the interest rate is 6% per year Pamela invested ₱20,000 at 8% simple interest for 10 years. How much is the interest earned by Pamela in 10 years?