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On May 23, Samantha Best borrowed $4,000 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 = 4,000 * 0.13 * 0.4384

  • math -

    $40,000 x 13% x 160 /365 = $2,279.45 the amount of interest on the loan?

  • math -

    that is the wrong answer

  • math -

    4,000x.13x160/365= 227.95

  • math -

    4,000x.13x160/365= 227.95

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