How much simple interest he would make in five years on the amount of $ 250.25 at 5.4 % interest?
It would be 5.4*5 = 27 % 27% of 250.25 = 67.5675
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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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