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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? (round to the nearest hundredth) (Points : 2)

  • math -

    I = PRT

    I = 40,000 * 0.13 * 0.4384

    I =

  • math -

    $2,279.45

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