text: # Math
  
  posted by on .
  
  Chris Shopper received a \$800 discount loan to purchase a washer and dryer. The loan was offered at 10% for 120 days. What are the proceeds?
  
  I tried this problem and the answer is not 26.40
  
  • Math - ,
  
  800* 1 * 120/360 = \$ 26.67
  
  800 - 26.67 = \$773.33