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    deezerdoo's Avatar
    deezerdoo Posts: 34, Reputation: 2
    Junior Member
    		  
    #1

    May 25, 2007, 11:55 AM
    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
    KongTheKonqueror's Avatar
    KongTheKonqueror Posts: 75, Reputation: 13
    Junior Member
    		  
    #2

    May 25, 2007, 07:38 PM
    That's correct for simple interest.
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