Post a New Question

Math

posted by .

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.

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question