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If $5,000 is borrowed at a simple interest rate of 4.70% p.a., calculate the interest charged for 7 months.
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If $5,000 is borrowed at a simple interest rate of 4.70% p.a., calculate the interest charged for 7 months.

User Glevine
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Answer:

Using a personal loan APR of 7.63% as an example, here's a simple breakdown of what the personal loan payment calculator can show you for a $5,000 loan and $10,000 loan.

Explanation:

User Anjana Sharma
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