document.write( "Question 1175890: How much should a borrower pay at the end of 9 months for his loan of 50,000 at 5% at simple interest? \n" ); document.write( "
Algebra.Com's Answer #801935 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Loan 50,000 =P \n" ); document.write( "rate simple interest 5% =R \n" ); document.write( "period = 9 months = 3/4 year= N\r \n" ); document.write( "\n" ); document.write( "Simple interest = P * N * R\r \n" ); document.write( "\n" ); document.write( "Simple interest = 50000 * 3/4 * 0.05 \n" ); document.write( "= 1875 \r \n" ); document.write( "\n" ); document.write( "Amount to be paid after 9 months = 50000+1875 \n" ); document.write( " |