Question

Given interest of $11,900 at 6 percent for 50 days (ordinary interest), one can calculate the principal as

Answer 1

\[p=11900*365*100 /(50*6)=1447833.33\]

Answer 2

I came up with 1428005.70 were did I go wrong?

Answer 3

the formula was pxrxt/360

Answer 4

i assumed percent was for year so used formula prt/100 ant t=50/365 r in 6

Answer 5

ok i see Thanks!