How do I find the interest on $4000 at 3.5% annual interest for 1 year 6 months?
The find the interest, multiply $4000 times 0.035 times 1.5. Therefore, the interest on this loan would be $210. ChaCha!
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About 0 Interest
0% interest simply means that a loan is granted to someone with no interest and all the consumer needs to pay back is the amount of the loan with no additional fees.
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