Friday

April 18, 2014

April 18, 2014

Posted by **amy** on Sunday, June 23, 2013 at 12:01am.

- math -
**MathMate**, Sunday, June 23, 2013 at 6:09amExact interest is based on a 365-day year.

From June 30 to September 17, three months have passed. Both July and August have 31 days, while June has 30 days. So the duration of the loan is 30+31+31-3=89 days.

Interest

=Principal*(days/365)*0.10

=19000*(89/365)*0.10

=$463... dollars approximately

Use your calculator to get the exact amount.

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