Loan interest periods
The bank provides loans with an interest rate of 5% pa. How much interest will you pay if you borrow 5,000 euros for:
A) 1 year
B) 1/2 year
C) 1/4 year
D) 5 years?
Your answer:
A) 1 year
B) 1/2 year
C) 1/4 year
D) 5 years?
Your answer:
Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you want to convert time units like minutes to seconds?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
basic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem
Related math problems and questions:
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Bank loan
Susan borrowed a certain amount from the bank, with the proviso that she would return 15,000 euros a year. The annual interest rate was set at 4.5%. How much did Susan borrow? - Janka bank interest
Dana and Jane deposited their money in the bank in an account with an interest rate of 2.9 percent pa. How many euros did Jane invest if she earned 4.64 euros in interest and Dana 29 cents less? - Milan account withdrawal The bank offers a term account with the possibility of early withdrawal with an interest rate of 1.85 percent pa. Milan put 2,500 euros on it on January 2. If he withdraws the money after eight months, how many euros will he get?
- Inflation and deposits
A client deposits 100,000 euros in XYZ bank for a term deposit with an interest rate of 4% pa (per annum). After six months, you went to get the money. How much did he have in his account with the described half-yearly interest? PS When you deposit money - Money borrow
Ms. Kate wants to borrow € 2,000. Company A will borrow ten payments of 240 euros and will not pay anything in the first two months. Company B borrows in 12 payments of € 210. Which company has the more favorable interest rate for Ms. Kate? - Washing machine loan
Uncle Wendell paid 350 euros for a new washing machine, which he had to borrow 40 percent. He paid off the loan for one year - 15 euros per month. How much did he pay in interest? What was the interest rate on loan?
