Asked by sophia

On May 23, Samantha Best borrowed $4,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan?
Answered by Ms. Sue
I = PRT

I = 4,000 * 0.13 * 0.4384
Answered by Tee
$40,000 x 13% x 160 /365 = $2,279.45 the amount of interest on the loan?
Answered by Anonymous
that is the wrong answer
Answered by Anonymous
4,000x.13x160/365= 227.95
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