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)

math  Sylvia, Monday, June 23, 2014 at 8:57pm
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: $5,018.44
$2,561.44
$5,261.44
$5,216.44
None of these

math  Anonymous, Wednesday, February 25, 2015 at 11:34pm
5216.44
Answer This Question
Related Questions
 math  Janet took out a loan of $50,000 from Bank of America at 8 percent on ...
 business  Janet took out a loan of $50,000 from Bank of America at 8 percent on...
 business math  Jnaet took out a loan of $50,000 from Bank of America at 8 ...
 math  Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...
 math  Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...
 business math  Janet Home went to Citizens Bank. She borrowed $7,000 at a rate ...
 home economics  Janet Home went to Citizen Bank. She borrowed $7,000 at a rate ...
 nassau  Mel took out a loan of $40,000 at 14 percent on March 16, 2007 which is...
 business math  . Ludwig borrowed $8,000 on July 20, at 11% interest. If the ...
 Business Math  Joyce took out a loan for $21,900 at 12 percent on March 18, ...
More Related Questions