kcumberledge2008 kcumberledge2008

10-11-2020
Mathematics

contestada

How do you figure out an intrest rate for a loan.

Respuesta :

1673892 1673892

10-11-2020

Answer:

Gather information like your principal loan amount, interest rate and total number of months or years that you'll be paying the loan.

Calculate your total interest by using this formula: Principal Loan Amount x Interest Rate x Time (number of years in term) = Interest.

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