Friday

August 29, 2014

August 29, 2014

Posted by **Haydee** on Monday, August 21, 2006 at 3:09am.

what is the rate of interest on this loan?

If not compounded, or simple interest, then

Interest=Principal(rateinterest)*time

Here time is 5/12 of a year, you are given the interest and principle. Figure the rate of interest.

**Related Questions**

math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...

math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...

math - The total amount of interest on a loan of $6,000 for 150 days is 210.50....

business mathmatics - the total amount on a loan of 6,000 for 150 days is 210.50...

Math - Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of...

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...

math - gail borrowed $3600 from a bank to buy a washing machine she pays back ...

eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...

math - Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount ...

math - Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount ...