If I borrowed $300,000 for two years at the rate of 3% interest, what would be the total amount of interest paid?
Review one of the calculators we have available, here. The formula you want is principal x rate x time. Variances include the method of interest accrual (assuming it will be simple) and the accrual period such as 30/360, Actual/365 or 30/365. These relate to the days in the accrual period and the year. The contract should specify this and it may all be influenced by state laws.
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Review one of the calculators we have available, 