Question 729739
I = Prt


400 = P*(0.085)*(30/360) ... Note: there are 30 days in june


400 = P*(0.085)*(0.08333333333333)


400 = P*0.00708333333333


400/0.00708333333333 = P


56470.5882353207 = P


P = 56470.5882353207


P = 56470.59


This is the principal balance at the beginning of June