Homework Help: math

Posted by Anonymous on Wednesday, June 20, 2012 at 9:35am.

Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is

math - Reiny, Wednesday, June 20, 2012 at 9:38am
Count the number of days.

interest = 50000(.08)(number of days/365)

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