Register

A company borrows $100,000 for 5 years at a simple interest rate of 10.5%. Find the interest paid on the loan The interest paid on the loan is ? The total amount paid is ?

A company borrows $100,000 for 5 years at a simple interest rate of 10.5%. Find the interest paid on the loan The interest paid on the loan is ? The total amount paid is ?
asked 72.0k views
3 votes
A company borrows $100,000 for 5 years at a simple interest rate of 10.5%. Find the interest paid on the loan

The interest paid on the loan is ?
The total amount paid is ?

asked
User Douwe
by
8.5k points

1 Answer

4 votes

Answer:

$52,500

$152,500

Explanation:

$100,000 * .105 = $10500

answered
User Johnozbay
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!