How many days would it take a $6,000 loan to earn $500 ordinary interest at 12% interest rate? 250 days 180 days 210 days 235 days

asked Oct 20, 2020 190k views

4 votes

How many days would it take a $6,000 loan to earn $500 ordinary interest at 12% interest rate?

250 days

180 days

210 days

235 days

7.7k points

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3 votes

12% of 6000 is 720. This is the amount earned in 365 days. So 253 days to reach 500.....closest answer 250

8.3k points

3 votes

180 days I think is the answer if it’s wrong I am so sorry

Subodh answered Oct 24, 2020

8.4k points

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