The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
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.
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
6% annual interest would be c.
$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
Because loan sharks have to earn an honest living.
what is 5% of 16000