Shamari takes out a loan for $10,500, at 8.5% exact interest. if the amount of interest is $858.03, what is the time period of the loan? (round any fraction to the next higher day)

The answer is that the time period of the loan is 351 days.
Shamari takes out a loan = $10,500,
at 8.5% exact interest
If the amount of interest is = $858.03,
858.03 = 10,500 x .085 x x/365
858.03 = 892.50 x x/365
858.03/892.50 = x/365
0.961378 = x/365
x = 0.961378 x 365
x = 350.9,
rounded is 351

yuh & thanks

Explanation:

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