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OpenStudy (anonymous):
mybaby55: if i paid 19.48 interest for a 90 day loan at 9.5% 19.48(.095)(90)/360 (19.48)/.02375) what would be the next part of the formula be to get this answer? $820.21 i am stuck thank you in advance
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OpenStudy (tkhunny):
I = Prt You have used the interest for P. This is incorrect. You should have substituted I = 19.48 and then solve for P.
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