SOLUTION: find the exact interest on a loan of $33,000 at 8% annually for 25 days.

SOLUTION: find the exact interest on a loan of $33,000 at 8% annually for 25 days.

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Question 311839: find the exact interest on a loan of $33,000 at 8% annually for 25 days.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
33,000(1+.08/(365/25))^365/25
33,000(1+.08/14.6)^14.6
33,000(1+.00548)^14.6
33,000(1.00548)^14.6
33,000*1.083=35,740.95 ANS.
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