business math

posted by Renae

Compute the total amount to be repaidon a $1920 loan at 8% for 135 days. Base your calculation on exact interest(365-day year).

I'm getting $2335.29.
Can you check my work?

  1. Ms. Sue

    I = 1920 * 0.08 * 0.369

    I = $56.68

    56.68 + 1920 = 1976.68

  2. Renae

    Okay that was my first thank you

  3. Ms. Sue

    You're welcome.

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