On May 19, Bette Santoro borrowed $3,000 from Resse Bank at a rate of 12½%. The loan is to be repaid on October 8. Assuming the loan is based on exact interest, what's the total interest cost to Bette?

Question

A. $265.89
B. $175.89
C. $145.89
D. $345.89

The closest answer I got was $375 but I know that isn't right.

I did 3000* 12 1/2%.

I could really use someone's help with this.

Answer 1

Bette didn't borrow the money for a year. She borrowed it for 142 days.

142/365 * 375 = _________