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Mr. Peña borrowed 10000 pesos at an interest rate of 8% a year. How much interest will he pay for 2 years?

And another one MATH question.
Rita borrowed 5500 pesos at an interest rate of 8% a year. How much interest will she pay after 6 months?

And last one MATH question
Please answer this all now

Find the interest on the following:
a.) 5000 pesos for 2 years at 6% interest
b.)13000 pesos for 5 years at 5% interest
c.)1800 for 6 months at 10% interest
d.)3500 pesos at 8% for 5 years interest
e.)20000 pesos at 4% for 3 years

Sagot :

Mr. Peña borrowed 10000 pesos at an interest rate of 8% a year. How much interest will he pay for 2 years? 
10 000 (0.08) = 800. 800 is the interest per year; for 2 years, the interest is 1 600 pesos

Rita borrowed 5500 pesos at an interest rate of 8% a year. How much interest will she pay after 6 months? [tex] \frac{5500(0.08)}{12} (6)= \frac{440}{12}(6) =36.67(6)=220.02[/tex] 
Answer: 220.02 pesos

a.) 5 000 (0.06) (2) = 600 pesos
b.) 13 000 (0.05)(5) = 3250 pesos
c.) [tex] \frac{1800(0.1)}{12}(6) = \frac{180}{12}(6) = 15(6) = 90 pesos[/tex]Answer: 90 pesos
d.) 3500(0.08)(5) = 1400 pesos
e.) 20 000(0.04)(3) = 2400 pesos