There are several sites in here that will show you how interest is calculated:
http://www.google.com/search?rlz=1C1GGGE_enUS379US379&sourceid=chrome&ie=UTF-8&q=how+to+calculate+interest
Once you have given this a try, post what you come up with so that a math tutor can check your work.
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.
1 answer