how much would it cost to barrow $347,000 for 10 day at 6% interest
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1 Answer

347,000*6%=10,410$ for 1 yeer

10 daes/365 daes...logik sae time=0.027397 av a yeer

so interest=285.20$

But banks oft werk based on yeer=360 daes

so 10/360=0.027777 av a bank yeer

& bank charj yu 289.17$ if yu borroed that from em

If yu hav munee in bank & em pae yu, all bets off
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