1.
I borrow $17000 and pay interest of $12240 at 12% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
2.
I borrow $19000 and pay interest of $12540 at 6% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
3.
I borrow $93000 and pay interest of $39060 at 3% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
4.
I borrow $77000 and pay interest of $75460 at 7% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
5.
I borrow $24000 and pay interest of $37440 at 13% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
6.
I borrow $95000 and pay interest of $38000 at 5% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
7.
I borrow $6000 and pay interest of $3840 at 8% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
8.
I borrow $16000 and pay interest of $40800 at 17% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
9.
I borrow $94000 and pay interest of $97760 at 8% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
10.
I borrow $8000 and pay interest of $7040 at 11% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
11.
I borrow $21000 and pay interest of $38220 at 13% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
12.
I borrow $22000 and pay interest of $22000 at 10% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
13.
I borrow $42000 and pay interest of $29400 at 7% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
14.
I borrow $65000 and pay interest of $23400 at 3% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
15.
I borrow $64000 and pay interest of $66560 at 13% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
16.
I borrow $54000 and pay interest of $37800 at 5% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
17.
I borrow $41000 and pay interest of $34440 at 7% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
18.
I borrow $50000 and pay interest of $108000 at 18% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
19.
I borrow $31000 and pay interest of $13640 at 11% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
20.
I borrow $48000 and pay interest of $21120 at 4% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
21.
I borrow $46000 and pay interest of $27600 at 12% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
22.
I borrow $88000 and pay interest of $63360 at 8% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
23.
I borrow $69000 and pay interest of $103500 at 15% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
24.
I borrow $85000 and pay interest of $61200 at 18% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
25.
I borrow $52000 and pay interest of $101400 at 15% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
26.
I borrow $25000 and pay interest of $12000 at 12% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)
Explanation
Using the Simple Interest formula, make 't' the subject, and substitute the values in for Principal, Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. You don't need to write 'years' because the questions states that your answer is in years. It isn't 'incorrect', but it more than is required.
27.
I am offered a simple interest loan to start a business. I borrow $31000 at a rate of 4% per annum over 5 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
28.
I am offered a simple interest loan to start a business. I borrow $30000 at a rate of 8% per annum over 5 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
29.
I am offered a simple interest loan to start a business. I borrow $48000 at a rate of 5% per annum over 11 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
30.
I am offered a simple interest loan to start a business. I borrow $17000 at a rate of 5% per annum over 14 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
31.
I am offered a simple interest loan to start a business. I borrow $73000 at a rate of 14% per annum over 6 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
32.
I am offered a simple interest loan to start a business. I borrow $29000 at a rate of 15% per annum over 9 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
33.
I am offered a simple interest loan to start a business. I borrow $60000 at a rate of 18% per annum over 10 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
34.
I am offered a simple interest loan to start a business. I borrow $5000 at a rate of 18% per annum over 13 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
35.
I am offered a simple interest loan to start a business. I borrow $13000 at a rate of 13% per annum over 6 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
36.
I am offered a simple interest loan to start a business. I borrow $4000 at a rate of 12% per annum over 5 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
37.
I am offered a simple interest loan to start a business. I borrow $9000 at a rate of 12% per annum over 13 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
38.
I am offered a simple interest loan to start a business. I borrow $65000 at a rate of 4% per annum over 4 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
39.
I am offered a simple interest loan to start a business. I borrow $79000 at a rate of 16% per annum over 12 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
40.
I am offered a simple interest loan to start a business. I borrow $89000 at a rate of 11% per annum over 4 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
41.
I am offered a simple interest loan to start a business. I borrow $98000 at a rate of 16% per annum over 5 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
42.
I am offered a simple interest loan to start a business. I borrow $55000 at a rate of 5% per annum over 8 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
43.
I am offered a simple interest loan to start a business. I borrow $36000 at a rate of 7% per annum over 10 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
44.
I am offered a simple interest loan to start a business. I borrow $90000 at a rate of 10% per annum over 15 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
45.
I am offered a simple interest loan to start a business. I borrow $53000 at a rate of 13% per annum over 9 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
46.
I am offered a simple interest loan to start a business. I borrow $31000 at a rate of 18% per annum over 7 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
47.
I am offered a simple interest loan to start a business. I borrow $66000 at a rate of 6% per annum over 9 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
48.
I am offered a simple interest loan to start a business. I borrow $21000 at a rate of 16% per annum over 8 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
49.
I am offered a simple interest loan to start a business. I borrow $99000 at a rate of 10% per annum over 9 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)
50.
I am offered a simple interest loan to start a business. I borrow $58000 at a rate of 5% per annum over 13 years. How much interest will I pay on this loan?
Explanation
Using the Simple Interest formula, make 'I' the subject, and substitute the values in for Principal, rate (don't forget to convert it to a decimal - 12% per annum = 0.12) and time (in years)