I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day lo

$283.33 monthly

$3,400 yearly

I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day loan?

$280 if the annual interest rate is 8.5.

I want to barrow $40.000. The interest rate is 8.5 percent. How much intrest will pay for a 30day loan?

(40,000 x .085) x 30/365 = $279.45

to use monthly as above is less accurate. Divide number of days by the number of days in a year times interest rate times loan amount.