Solve the following questions on Simple Interest:
John borrows $2000 from a bank for a period of 4 years. The bank charges him an interest of $150 every year. How much should he pay back after 4 years?
Sophie takes a loan of $14,000 from a bank. She paid back $15,500 to the bank after 3 years. If the bank charged an equal interest every year, what is the interest per year?
Isha took a loan of $22,000 from a bank for 8 years and paid back $32,560. What was the interest rate?
Andy borrowed $5500 from Vijay for 2 months and paid back $6820. What was the interest rate?
Ruth deposited a sum of $11,000 in a bank for 4 years at an interest rate of 7.5% per annum. Find the interest earned by her after 4 years.
Mr. Smith lent $25,000 to Amy for 4 years at 16% rate of interest per annum. How much will Amy repay at the end of 4 years?
Ronny borrowed a sum of $7000 for a period of 10 weeks at the interest rate of 2.5% per week. Norah borrowed a sum of $7000 for a period of 5 weeks at the interest rate of 5.2% per week. Who pays back a smaller amount?
Eva borrowed a sum of $6000 for a period of 8 weeks at the interest rate of 1.5% per week. Kevin borrowed a sum of $6000 for a period of 4 weeks at the interest rate of 3.2% per week. Who pays back a larger amount?
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Answer: Mark as Brainliest to see the answer. If don't, you can't see!! plz plz plz
Step-by-step explanation:
1) ∴ John had to pay $600 after every 4 years.
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i dont know
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