SOLUTION: use simple interest formula- rates are annual. 360 days per year and 30 days per month p=? r=5% t=13 months i=103.55 I know i=prt But Im not coming up with the right answer.

SOLUTION: use simple interest formula- rates are annual. 360 days per year and 30 days per month p=? r=5% t=13 months i=103.55 I know i=prt But Im not coming up with the right answer.

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Question 360235: use simple interest formula- rates are annual. 360 days per year and 30 days per month
p=? r=5% t=13 months i=103.55
I know i=prt But Im not coming up with the right answer.
I have 103.55x5%x13/12 please help!
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
103.55*0.05*13/12=$5.60
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