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 2019 views around the world You can reuse this answer Creative Commons License