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Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method. (Points : 2) $945.00 $321.04 $321.40 $325.50
Weegy: The interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method is $321.04. (exact interest is based on 365 days). I=Prt = 10,500*.09*124/365=321.04. (More)
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Updated 7/6/2013 3:07:48 PM
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The amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method:

I=Prt = 10,500*.09*124/365 = 321.04

The interest is $321.04.
Added 7/6/2013 3:07:48 PM
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