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What is the interest on $800 at 6% for 48 months?
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Asked 10/8/2012 9:47:23 AM
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User: What is the interest on $800 at 6% for 4 years?

User: What is the interest on $800 at 6% for 48 months?

Weegy: Is the interest compounded? That is, is there interest due on interest owed? If there is compound interest, how often is it accumulating? If it is daily, that will be painful. [ If it is monthly, then the months are figured on 30 day months, not 30 or 31. If annually, then it is figured on a 360 day year, not 365 or 366. If you are not certain, you can go by the figures mentioned by the other answerer, above. The simple interest rate is $48 per year. That, incidentally, is a nice rate of return on an unsecured debt. Whenever you wish to calculate interest, please go to Yahoo Finance and use their calculator. You can have your answer down to the decimal point and beyond. ]
Expert answered|selymi|Points 8992|

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Asked 10/8/2012 9:47:23 AM
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