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Could you please help?

Business & Finance
Tutor: None Selected Time limit: 1 Day

monthly interest of 3pc on £5K for 25 days

Jul 3rd, 2014

Your question is a bit unclear, but I think you are looking for the effective annual interest rate which results in .03 of interest on principal of 5.00 in a 25 day period (based on 360 day years).  If so, the answer is 8.64%...if not, then please message me or repost with more specifics.

Jul 3rd, 2014

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Jul 3rd, 2014
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Jul 3rd, 2014
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