Posted by linda on .
the total amount on a loan of 6,000 for 150 days is 210.50. using the ordinary interest metnod. what is the rate on this loan? rounded to nearest hundredeth.
business mathmatics - assistance needed -
There are several sites in here that will show you how interest is calculated:
Once you have given this a try, post what you come up with so that a math tutor can check your work.