Post a New Question

math

posted by on .

the total amount of interest on this loan of $6000 for 150 days is $210.50.
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.

  • math - ,

    25.26

  • math - ,

    Vicky was charged $456 interest for 1 month on a $2400 credit card balance. What was the monthly interest rate?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question