SOLUTION: can someone please help: Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary. $1300 at 10% f

Algebra ->  Equations -> SOLUTION: can someone please help: Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary. $1300 at 10% f      Log On


   

Question 164805This question is from textbook
: can someone please help:
Find the exact interest. Use 365 days in a year, and use the exact number of days in a month. Round to the nearest cent, if necessary.
$1300 at 10% for 114 days
a. $4.06
b. $41.17
c. $4.12
d. $40.60 This question is from textbook

Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
1,3009(.1*.3123287)^1
1,300(.03123287)
1,300*.03123287=$40.60 answer D).