Asked by Denise

A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for the entire year
Answered by Ms. Sue
0.22 * 300 = ?

Answered by Anonymous
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?
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