$7800 is borrowed for 60 months at a rate of 6%.  How much interest will be owed?
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2 Answers

????????? "interest akkrues" ??????

borro=7800$, 6%, 60 months

Yu meen yu plan tu pae bak a lump sum at the end av 5 yeers????

Simpel interest????

Du interest get added tu balans evree yeer or evree month ???

If simpel interest...7800*0.06*5=2,340$
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7800*0.06*(1/60)=$7.8
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