Question:

Simple interest question/calculation?

by  |  earlier

0 LIKES UnLike

calculate the simple interest of the given loan amount:

$420 borrowed at 6.25% for 325 days

an explanation on how you get there will be much appreciated!

 Tags:

   Report
Answer The Question I've Same Question Too

2 ANSWERS

Sort By: Date  |  Rating

  1. 6.25% for 325 days would be $26.25

    $420 + 6.25% = $26.25


  2. Don't you need the frequency of payments to calculate the EEF/APR?
You're reading: Simple interest question/calculation?

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now