SOLUTION: Find the exact interest on a loan of $32,600 at 8% annually for 35 days. $_____.

SOLUTION: Find the exact interest on a loan of $32,600 at 8% annually for 35 days. $_____.

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Question 828208: Find the exact interest on a loan of $32,600 at 8% annually for 35 days. $_____.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Find the exact interest on a loan of $32,600 at 8%
annually for 35 days. $_____.
-----
I = P*r*t
Interest = 32600*0.08*(35/365) = $250.08
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Cheers,
Stan H.
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