The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
Both are often used. You do want to be sure that if it is being secured with a home that the interest on the loan is tax deductable.
$60 of your loan
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
usually its 15-19%
The monthly interest is 100.
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
6% annual interest would be c.