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Home > Business & Careers > Accounting   »   simple interest

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Old May 25, 2007, 10:55 AM
deezerdoo
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simple interest
What is the simple interest on a 14,500 load at 9% interest for 5 years?

I did 14,500 x 9% x 5 years = $6,525

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Old May 25, 2007, 06:38 PM   #2  
KongTheKonqueror
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That's correct for simple interest.

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deezerdoo agrees: thank you
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