Calculate the amount of interest on a loan of $3,200 at 6% interest for 60 days using the

Question

ordinary interest method.
A. $3.16 C. $32.00
B. $31.56 D. $384.00

3200x6% divided by 60=32.00

is this correct

Answer 1

I would do :
3200(.06)(60/365) = 31.56

... unless "ordinary interest method" means something different in the US than here in Canada where I am.