Question
A man borrowed 30,000 on July 8, 2018. How much interest will he pay on May 8, 2019 at 12% using exact interest and exact time?
Answers
bobpursley
=30000*(1.12)^(8/12) in my google search window:
3e5*(1.12)^.75=32661.40
3e5*(1.12)^.75=32661.40