Ask your own question, for FREE!
Mathematics 20 Online
OpenStudy (anonymous):

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.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!