3010 Simple Interest Summary Quiz

1. 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?

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)

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)

Submit

2. 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?

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)

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)

Submit

3. 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?

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)

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)

Submit

4. 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?

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)

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)

Submit

5. 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?

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)

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)

Submit

6. 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?

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)

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)

Submit

7. 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?

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)

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)

Submit

8. 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?

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)

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)

Submit

9. 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?

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)

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)

Submit

10. I am offered a simple interest loan to start a business. I borrow $89000 at a rate of 18% per annum over 14 years. How much interest will I pay on this loan?

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)

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)

Submit

11. I am offered a simple interest loan to start a business. I borrow $20000 at a rate of 18% per annum over 7 years. How much interest will I pay on this loan?

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)

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)

Submit

12. I am offered a simple interest loan to start a business. I borrow $5000 at a rate of 16% per annum over 5 years. How much interest will I pay on this loan?

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)

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)

Submit

13. I am offered a simple interest loan to start a business. I borrow $39000 at a rate of 9% per annum over 6 years. How much interest will I pay on this loan?

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)

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)

Submit

14. I borrow $40000 at a rate of 3% simple interest per annum over 13 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

15. I borrow $49000 at a rate of 17% simple interest per annum over 5 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

16. I borrow $59000 at a rate of 13% simple interest per annum over 8 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

17. I borrow $15000 at a rate of 8% simple interest per annum over 15 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

18. I borrow $58000 at a rate of 13% simple interest per annum over 5 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

19. I borrow $25000 at a rate of 9% simple interest per annum over 7 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

20. I borrow $64000 at a rate of 4% simple interest per annum over 10 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

21. I borrow $30000 at a rate of 14% simple interest per annum over 10 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

22. I borrow $75000 at a rate of 9% simple interest per annum over 4 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

23. I borrow $40000 at a rate of 14% simple interest per annum over 9 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

24. I borrow $71000 at a rate of 11% simple interest per annum over 5 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

25. I borrow $33000 at a rate of 10% simple interest per annum over 14 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

26. I borrow $99000 at a rate of 5% simple interest per annum over 14 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

27. I borrow $73000 and pay interest of $124100 over 10 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

28. I borrow $23000 and pay interest of $27370 over 7 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

29. I borrow $92000 and pay interest of $22080 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

30. I borrow $17000 and pay interest of $11050 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

31. I borrow $79000 and pay interest of $82160 over 13 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

32. I borrow $94000 and pay interest of $159800 over 10 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

33. I borrow $9000 and pay interest of $12600 over 14 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

34. I borrow $32000 and pay interest of $43200 over 9 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

35. I borrow $27000 and pay interest of $9720 over 12 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

36. I borrow $89000 and pay interest of $106800 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

37. I borrow $50000 and pay interest of $39000 over 13 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

38. I borrow $12000 and pay interest of $23760 over 11 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

39. I borrow $32000 and pay interest of $38400 over 12 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

40. I borrow $27000 and pay interest of $18900 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

41. I borrow $63000 and pay interest of $56700 over 9 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

42. I borrow $79000 and pay interest of $71100 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

43. I borrow $95000 and pay interest of $41800 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

44. 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)

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.

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.

Submit

45. I borrow an amount of money over 5 years and pay interest of $20000 at 16% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

46. 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)

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.

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.

Submit

47. I borrow an amount of money over 12 years and pay interest of $6480 at 3% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

48. 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)

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.

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.

Submit

49. 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)

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.

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.

Submit

50. 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)

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.

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.

Submit

51. I borrow an amount of money over 7 years and pay interest of $35700 at 17% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

52. I borrow an amount of money over 13 years and pay interest of $28080 at 8% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

53. 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)

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.

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.

Submit

54. I borrow an amount of money over 12 years and pay interest of $11520 at 6% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

55. 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)

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.

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.

Submit

56. 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)

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.

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.

Submit

57. I borrow an amount of money over 7 years and pay interest of $79520 at 16% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

58. 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)

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.

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.

Submit

59. 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)

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.

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.

Submit

60. 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)

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.

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.

Submit

61. I borrow an amount of money over 13 years and pay interest of $174720 at 16% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

62. 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)

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.

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.

Submit

63. 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)

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.

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.

Submit

64. I borrow an amount of money over 11 years and pay interest of $77000 at 7% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

65. 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)

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.

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.

Submit

66. I borrow an amount of money over 4 years and pay interest of $8160 at 6% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

67. 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)

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.

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.

Submit

68. I borrow an amount of money over 9 years and pay interest of $85860 at 18% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

69. I borrow an amount of money over 4 years and pay interest of $6240 at 3% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

70. I borrow an amount of money over 9 years and pay interest of $40500 at 10% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

71. I borrow an amount of money over 13 years and pay interest of $100620 at 9% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

72. I borrow an amount of money over 7 years and pay interest of $46620 at 9% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

73. I borrow an amount of money over 14 years and pay interest of $41440 at 4% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

74. 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?

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)

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)

Submit

75. 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?

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)

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)

Submit

76. 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?

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)

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)

Submit

77. 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?

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)

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)

Submit

78. 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?

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)

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)

Submit

79. 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?

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)

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)

Submit

80. I borrow $31000 at a rate of 16% simple interest per annum over 6 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

81. 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?

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)

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)

Submit

82. I borrow $52000 and pay interest of $70200 over 15 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

83. I borrow an amount of money over 5 years and pay interest of $4550 at 7% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

84. 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)

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.

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.

Submit

85. 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?

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)

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)

Submit

86. 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?

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)

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)

Submit

87. 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?

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)

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)

Submit

88. 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?

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)

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)

Submit

89. I am offered a simple interest loan to start a business. I borrow $76000 at a rate of 4% per annum over 5 years. How much interest will I pay on this loan?

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)

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)

Submit

90. I borrow $98000 at a rate of 10% simple interest per annum over 5 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

91. I borrow $77000 at a rate of 3% simple interest per annum over 4 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

92. I borrow $55000 at a rate of 13% simple interest per annum over 11 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

93. I borrow $68000 at a rate of 17% simple interest per annum over 11 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

94. I borrow $57000 at a rate of 4% simple interest per annum over 5 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

95. I borrow $54000 at a rate of 8% simple interest per annum over 6 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

96. I borrow $30000 at a rate of 11% simple interest per annum over 11 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

97. I borrow $57000 at a rate of 18% simple interest per annum over 8 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

98. I borrow $66000 at a rate of 17% simple interest per annum over 7 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

99. I borrow $73000 at a rate of 14% simple interest per annum over 13 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

100. I borrow $43000 at a rate of 16% simple interest per annum over 6 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

101. I borrow $85000 at a rate of 13% simple interest per annum over 12 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

102. I borrow $21000 at a rate of 15% simple interest per annum over 9 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

103. I borrow $90000 at a rate of 14% simple interest per annum over 13 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

104. I borrow $3000 at a rate of 8% simple interest per annum over 10 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

105. I borrow $30000 at a rate of 10% simple interest per annum over 11 years. How much will I pay back in total for this loan?

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

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), then don't forget to add on the principal to the amount of interest. That's what makes it the 'total paid back'.

Submit

106. I borrow $49000 and pay interest of $96040 over 14 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

107. I borrow $94000 and pay interest of $39480 over 7 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

108. I borrow $30000 and pay interest of $19200 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

109. I borrow $52000 and pay interest of $74360 over 13 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

110. I borrow $89000 and pay interest of $49840 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

111. I borrow $79000 and pay interest of $53720 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

112. I borrow $94000 and pay interest of $105280 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

113. I borrow $92000 and pay interest of $66240 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

114. I borrow $82000 and pay interest of $61500 over 15 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

115. I borrow $9000 and pay interest of $17640 over 14 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

116. I borrow $68000 and pay interest of $54400 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

117. I borrow $15000 and pay interest of $2400 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

118. I borrow $56000 and pay interest of $61600 over 10 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Explanation

Using the Simple Interest formula, make 'r' the subject, and substitute the values in for Principal, Interest and time (in years). Remember, a decimal of 0.05 is 5%. If you don't include the percentage sign, its just a number.

Submit

119. 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)

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.

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.

Submit

120. 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)

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.

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.

Submit

121. 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)

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.

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.

Submit

122. 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)

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.

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.

Submit

123. 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)

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.

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.

Submit

124. 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)

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.

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.

Submit

125. 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)

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.

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.

Submit

126. 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)

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.

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.

Submit

127. 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)

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.

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.

Submit

128. 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)

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.

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.

Submit

129. 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)

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.

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.

Submit

130. 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)

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.

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.

Submit

131. 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)

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.

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.

Submit

132. 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)

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.

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.

Submit

133. 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)

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.

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.

Submit

134. 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)

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.

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.

Submit

135. 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)

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.

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.

Submit

136. 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)

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.

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.

Submit

137. 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)

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.

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.

Submit

138. 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)

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.

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.

Submit

139. 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)

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.

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.

Submit

140. 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)

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.

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.

Submit

141. 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)

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.

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.

Submit

142. I borrow $70000 and pay interest of $58800 at 14% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)

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.

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.

Submit

143. 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)

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.

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.

Submit

144. 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)

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.

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.

Submit

145. 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)

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.

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.

Submit

146. I borrow $50000 and pay interest of $42500 at 17% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)

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.

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.

Submit

147. I borrow $55000 and pay interest of $35750 at 5% per annum. Over what period of time (in years) did I take out the loan? (Just a number is sufficient)

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.

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.

Submit

148. I borrow an amount of money over 14 years and pay interest of $31920 at 12% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

149. I borrow an amount of money over 7 years and pay interest of $28350 at 15% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

150. I borrow an amount of money over 5 years and pay interest of $64600 at 17% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

151. I borrow an amount of money over 7 years and pay interest of $27720 at 4% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

152. 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)

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.

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.

Submit

153. I borrow an amount of money over 12 years and pay interest of $51480 at 11% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

154. 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)

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.

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.

Submit

155. I borrow an amount of money over 9 years and pay interest of $71280 at 11% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

156. 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)

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.

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.

Submit

157. I borrow an amount of money over 5 years and pay interest of $13200 at 8% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

158. 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)

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.

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.

Submit

159. I borrow an amount of money over 9 years and pay interest of $4050 at 15% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

160. 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)

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.

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.

Submit

161. I borrow an amount of money over 10 years and pay interest of $42500 at 5% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

162. I borrow an amount of money over 12 years and pay interest of $42120 at 13% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

163. 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)

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.

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.

Submit

164. I borrow an amount of money over 9 years and pay interest of $59400 at 12% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

165. I borrow an amount of money over 9 years and pay interest of $63180 at 9% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

166. 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)

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.

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.

Submit

167. I borrow an amount of money over 11 years and pay interest of $116160 at 12% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

168. 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)

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.

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.

Submit

169. I borrow an amount of money over 13 years and pay interest of $48880 at 8% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

170. 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)

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.

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.

Submit

171. I borrow an amount of money over 12 years and pay interest of $29760 at 4% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

172. I borrow an amount of money over 5 years and pay interest of $23800 at 17% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

173. I borrow an amount of money over 12 years and pay interest of $35280 at 3% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

174. I borrow an amount of money over 6 years and pay interest of $28080 at 6% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

175. I borrow an amount of money over 9 years and pay interest of $15300 at 17% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

176. 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)

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.

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.

Submit

177. I borrow an amount of money over 12 years and pay interest of $43680 at 13% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

178. I borrow an amount of money over 12 years and pay interest of $18720 at 13% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

179. I borrow an amount of money over 15 years and pay interest of $86100 at 7% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

180. I borrow an amount of money over 8 years and pay interest of $58400 at 10% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

181. I borrow an amount of money over 4 years and pay interest of $10680 at 3% per annum simple interest. What was the principal amount I borrowed?

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Explanation

Using the Simple Interest formula, make 'P' the subject, and substitute the values in for time (in years), Interest and rate (as a decimal). Remember, a decimal of 0.05 is 5%. Include a $ sign in your answer, or you aren't answering the question. $ is a unit of measure for money.

Submit

182. 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?

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)

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)

Submit

183. 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?

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)

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)

Submit

184. 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?

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)

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)

Submit

185. 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?

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)

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)

Submit

3010 Simple Interest Summary Quiz

1. 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?

2.

What first name or nickname would you like us to use?

2. 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?

3. 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?

4. 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?

5. 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?

6. 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?

7. 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?

8. 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?

9. 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?

10. I am offered a simple interest loan to start a business. I borrow $89000 at a rate of 18% per annum over 14 years. How much interest will I pay on this loan?

11. I am offered a simple interest loan to start a business. I borrow $20000 at a rate of 18% per annum over 7 years. How much interest will I pay on this loan?

12. I am offered a simple interest loan to start a business. I borrow $5000 at a rate of 16% per annum over 5 years. How much interest will I pay on this loan?

13. I am offered a simple interest loan to start a business. I borrow $39000 at a rate of 9% per annum over 6 years. How much interest will I pay on this loan?

14. I borrow $40000 at a rate of 3% simple interest per annum over 13 years. How much will I pay back in total for this loan?

15. I borrow $49000 at a rate of 17% simple interest per annum over 5 years. How much will I pay back in total for this loan?

16. I borrow $59000 at a rate of 13% simple interest per annum over 8 years. How much will I pay back in total for this loan?

17. I borrow $15000 at a rate of 8% simple interest per annum over 15 years. How much will I pay back in total for this loan?

18. I borrow $58000 at a rate of 13% simple interest per annum over 5 years. How much will I pay back in total for this loan?

19. I borrow $25000 at a rate of 9% simple interest per annum over 7 years. How much will I pay back in total for this loan?

20. I borrow $64000 at a rate of 4% simple interest per annum over 10 years. How much will I pay back in total for this loan?

21. I borrow $30000 at a rate of 14% simple interest per annum over 10 years. How much will I pay back in total for this loan?

22. I borrow $75000 at a rate of 9% simple interest per annum over 4 years. How much will I pay back in total for this loan?

23. I borrow $40000 at a rate of 14% simple interest per annum over 9 years. How much will I pay back in total for this loan?

24. I borrow $71000 at a rate of 11% simple interest per annum over 5 years. How much will I pay back in total for this loan?

25. I borrow $33000 at a rate of 10% simple interest per annum over 14 years. How much will I pay back in total for this loan?

26. I borrow $99000 at a rate of 5% simple interest per annum over 14 years. How much will I pay back in total for this loan?

27. I borrow $73000 and pay interest of $124100 over 10 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

28. I borrow $23000 and pay interest of $27370 over 7 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

29. I borrow $92000 and pay interest of $22080 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

30. I borrow $17000 and pay interest of $11050 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

31. I borrow $79000 and pay interest of $82160 over 13 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

32. I borrow $94000 and pay interest of $159800 over 10 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

33. I borrow $9000 and pay interest of $12600 over 14 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

34. I borrow $32000 and pay interest of $43200 over 9 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

35. I borrow $27000 and pay interest of $9720 over 12 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

36. I borrow $89000 and pay interest of $106800 over 8 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

37. I borrow $50000 and pay interest of $39000 over 13 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

38. I borrow $12000 and pay interest of $23760 over 11 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

39. I borrow $32000 and pay interest of $38400 over 12 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

40. I borrow $27000 and pay interest of $18900 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

41. I borrow $63000 and pay interest of $56700 over 9 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

42. I borrow $79000 and pay interest of $71100 over 5 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

43. I borrow $95000 and pay interest of $41800 over 4 years. If I was paying simple interest annually, what was the interest rate paid per annum over the term of the loan?

44. 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)

45. I borrow an amount of money over 5 years and pay interest of $20000 at 16% per annum simple interest. What was the principal amount I borrowed?

46. 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)

47. I borrow an amount of money over 12 years and pay interest of $6480 at 3% per annum simple interest. What was the principal amount I borrowed?

48. 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)

49. 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)

50. 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)

51. I borrow an amount of money over 7 years and pay interest of $35700 at 17% per annum simple interest. What was the principal amount I borrowed?

52. I borrow an amount of money over 13 years and pay interest of $28080 at 8% per annum simple interest. What was the principal amount I borrowed?

53. 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)

54. I borrow an amount of money over 12 years and pay interest of $11520 at 6% per annum simple interest. What was the principal amount I borrowed?

55. 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)

56. 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)

57. I borrow an amount of money over 7 years and pay interest of $79520 at 16% per annum simple interest. What was the principal amount I borrowed?

58. 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)

59. 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)

60. 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)

61. I borrow an amount of money over 13 years and pay interest of $174720 at 16% per annum simple interest. What was the principal amount I borrowed?

62. 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)

63. 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)

64. I borrow an amount of money over 11 years and pay interest of $77000 at 7% per annum simple interest. What was the principal amount I borrowed?

65. 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)

66. I borrow an amount of money over 4 years and pay interest of $8160 at 6% per annum simple interest. What was the principal amount I borrowed?

67. 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)

68. I borrow an amount of money over 9 years and pay interest of $85860 at 18% per annum simple interest. What was the principal amount I borrowed?

69. I borrow an amount of money over 4 years and pay interest of $6240 at 3% per annum simple interest. What was the principal amount I borrowed?

70. I borrow an amount of money over 9 years and pay interest of $40500 at 10% per annum simple interest. What was the principal amount I borrowed?

71. I borrow an amount of money over 13 years and pay interest of $100620 at 9% per annum simple interest. What was the principal amount I borrowed?

72. I borrow an amount of money over 7 years and pay interest of $46620 at 9% per annum simple interest. What was the principal amount I borrowed?

73. I borrow an amount of money over 14 years and pay interest of $41440 at 4% per annum simple interest. What was the principal amount I borrowed?

74. 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?

75. 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?

76. 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?

77. 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?