Thursday

August 28, 2014

August 28, 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.

**Related Questions**

business - Catherine borrowed $19,000 on June 20, at 10% interest. If the loan ...

Math - On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union ...

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 ...

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...

business math - Joan Roe Borrowed $85,000 at a rate of 113/4 percent. The date ...

interest math - On April 12, Michelle borrowed $5,000 from her credit union at 9...

math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...

math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...

home economics - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate ...