Business Math Lesson 7: Simple Interest, part 6
Channel: Amy Goldlist
Date: 2021-05-27

9) You have decided to start a new car fund.  You deposit $6000 into an account paying 10% simple interest.  How much money will you have in 50 months?

10) On December 31 you repaid a loan to the Hammerhead Finance and Loan Company.  You repaid $6000 which was principal and interest on a five year loan at 10% simple.  How much money did you borrow?