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What's the fiance charge if I borrow 300 dollars

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Q: What is the finance charge if it is 17.5 percent if I borrow 300 dollars?
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Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.


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Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.


Brigette had a previous balance on her credit card of 1234.89 She was assessed a 1.4 percent finance charge She made a 59 payment 15 days later Again she was assessed a 1.4 percent finance charge W?

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What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?

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What is the finance charge if the balance is 740.77 and the monthly rate is 1.3?

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What should be the first step in calculating a monthly credit finance charge?

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What is the finance charge that you would pay if you borrowed 100 for 18 months at an APR of 9 percent?

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What should be the first step in calculating a monthly credit card finance charge?

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Whatever they want to charge. The only legal requirement is that they have tomake sure that you know the interest rate before you borrow the money.