A mother lends 6500.00 to her daughter for 6 months and charges 9% interest.?

Find the interest charged on the loan? Please show

A mother lends 6500.00 to her daughter for 6 months and charges 9% interest.?debt consolidation loan

I%26#039;m assuming that you mean 9% annually.

$6500 X .09 X .5 ( half year) = $292.50

A mother lends 6500.00 to her daughter for 6 months and charges 9% interest.?

loan

6500.00 x 0.09 = 585

585 is the interest

(7085 is the total charged - loan + interest)

You really need more info in your question - like is the interest monthly, annually etc???|||That%26#039;s sad that a mother would charge her own kid interest on a loan.|||Daughter could have gotten a better rate outside the family!