SOLUTION: calculate the amount of interest on a loan of $6,400 at 7% interest for 90 days using the ordinary interest method.

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Question 614279: calculate the amount of interest on a loan of $6,400 at 7% interest for 90 days using the ordinary interest method.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
6400*0.07*(30/365)=$110.47