What is simple interest on a loan of $12,000 at a 5.2 interest rate for 10 years? Algebra Linear Equations Percent Equations 1 Answer Tony B Mar 18, 2017 $6240 Explanation: #5.2/100xx$12000 = $624# for each year So for 10 years we have #10xx^624=$6240# Answer link Related questions Jimmy made a #"75%# on a test worth #46# points. How many points did he get correct? How do you use proportions to solve percent equations? How do you translate percent problems into an equation? What number is 32% of 600? What number is #3/4#% of 16? 8 is 20% of what number? 99 is 180% of what number? What percent of 7.2 is 45? What percent of 150 is 5? What is 2% of 92? See all questions in Percent Equations Impact of this question 1828 views around the world You can reuse this answer Creative Commons License