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What is the interest of 512.60 for 8 months and 18 days at 7 percent?
Wiki User
∙ 14y ago
512.60 divided by 365 days=1.4043835 X 261 days (8 months + 18 days) =366.54409 X 7.00%= 25.658086 or 25.66 interest. 512.60+25.66= 538.26 I started with Jan.
Wiki User
∙ 14y ago
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20000.00 loan for 50 days at 6 percent interest?
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
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What is the Interest of 512.60 for 8 months and 18 days at 7?
512.60 divided by 365 days=1.4043835 X 261 days (8 months + 18 days) =366.54409 X 7.00%= 25.658086 or 25.66 interest. 512.60+25.66= 538.26 I started with Jan.
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32
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Depends on the principal!
What is the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
[{(3200*6)/100}/365]*60
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146.20
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