Asked by Albert
if the interest rate is 8.25% and you borrowed $5000 for 30 days. How much interest would you pay
Answers
Answered by
Reiny
Interest = principal x rate x time
principal = 5000
rate = .0825
time = 30/365
Just do the calculation.
principal = 5000
rate = .0825
time = 30/365
Just do the calculation.
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