Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

HorseCrazyGirlForever

  • 3 years ago

How much simple interest will be charged on a $40,000 loan with a 7% interest rate that is paid back in 4 years? Please explain.

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy