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Math

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On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?

  • Math - ,

    I = PRT

    I = 40,000 * 0.13 * 0.4384

    I = ?

  • Math - ,

    2279.68

  • Math - ,

    Right.

  • Math - ,

    thanks

  • Math - ,

    You're welcome.

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