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    atlanta2188's Avatar
    atlanta2188 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Mar 24, 2007, 12:38 PM
    Calculate Interest
    Calculate the interest at 6% on $750.00 for 60 Days
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Mar 24, 2007, 02:54 PM
    We will NOT do your homework for you.

    Post what YOU think the answers are, and then we will help you.

    If you make NO effort, we will make NO effort in answering your questions.
    jakester's Avatar
    jakester Posts: 582, Reputation: 165
    Senior Member
    		  
    #3

    Jul 16, 2008, 08:15 AM
    atlanta2188 -

    very simple using standard 365 day:

    $750 * 6% * (60/365) = $7.40

    or if using a 360 day calendar year:

    $750 * 6% * (60/360) = $7.50
    949's Avatar
    949 Posts: 31, Reputation: 2
    Junior Member
    		  
    #4

    Jul 17, 2008, 01:09 AM
    +1 for jakester answer.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #5

    Jul 20, 2008, 12:07 AM
    Sigh.
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